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Orthofix International N.V. (NASDAQ:OFIX)’s share price hit a new 52-week high on Friday after an insider bought additional shares in the company, Analyst Ratings Net reports. The company traded as high as $33.95 and last traded at $33.72, with a volume of 66,313 shares trading hands. The stock had previously closed at $33.55.

Specifically, CFO Mark A. Heggestad bought 13,696 shares of Orthofix International N.V. stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average price of $33.25 per share, with a total value of $455,392.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

OFIX has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Orthofix International N.V. from an “underperform” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $32.50 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Orthofix International N.V. from $34.00 to $36.00 in a research note on Tuesday, April 1st.

The stock has a 50-day moving average of $31. and a 200-day moving average of $25.94. The company’s market cap is $622.8 million. Orthofix International N.V. also saw a significant drop in short interest during the month of May. As of May 30th, there was short interest totalling 598,712 shares, a drop of 20.9% from the May 15th total of 756,784 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 120,400 shares, the short-interest ratio is presently 5.0 days.

Orthofix International N.V. (NASDAQ:OFIX) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.07. The company had revenue of $101.34 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Orthofix International N.V. will post $1.16 EPS for the current fiscal year.

Orthofix International N.V. (NASDAQ:OFIX) is a diversified, global medical device company focused on developing and delivering repair and regenerative solutions to the spine and orthopedic markets.

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