K2M Group Holdings Sets New 12-Month Low at $13.71 (KTWO)
K2M Group Holdings (NASDAQ:KTWO)’s share price reached a new 52-week low during trading on Friday , Analyst Ratings Network reports. The stock traded as low as $13.71 and last traded at $14.85, with a volume of 54,082 shares trading hands. The stock had previously closed at $15.05.
A number of research firms have recently commented on KTWO. Analysts at Barclays initiated coverage on shares of K2M Group Holdings in a research note on Monday. They set an “overweight” rating and a $18.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of K2M Group Holdings in a research note on Monday. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of K2M Group Holdings in a research note on Monday. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $20.67.
The stock’s 50-day moving average is $14.95 and its 200-day moving average is $14.95. The company’s market cap is $541.4 million.
K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings results on Wednesday, June 4th. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.37. The company had revenue of $42.25 million for the quarter, compared to the consensus estimate of $41.88 million. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that K2M Group Holdings will post $-1.29 EPS for the current fiscal year.
K2M Group Holdings, Inc (NASDAQ:KTWO) is a global medical device company focused on designing, developing and commercializing spine technologies and techniques.
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