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Shares of K2M Group Holdings (NASDAQ:KTWO) reached a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as high as $16.69 and last traded at $16.64, with a volume of 31,186 shares traded. The stock had previously closed at $16.30.

Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. 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, June 2nd. 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, June 2nd. They set an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $20.67.

The stock’s 50-day moving average is $15.40 and its 200-day moving average is $15.23. The company’s market cap is $630.8 million. K2M Group Holdings also was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 958,218 shares, a growth of 45.3% from the June 30th total of 659,529 shares. Approximately 8.4% of the company’s shares are short sold. Based on an average daily trading volume, of 74,252 shares, the short-interest ratio is presently 12.9 days.

K2M Group Holdings (NASDAQ:KTWO) last issued its quarterly earnings data 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. On average, analysts predict that K2M Group Holdings will post $-1.46 earnings per share 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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