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Mindray Medical International Ltd (NYSE:MR) shares reached a new 52-week low during mid-day trading on Friday , StockRatingsNetwork reports. The stock traded as low as $29.03 and last traded at $29.19, with a volume of 321,416 shares. The stock had previously closed at $29.81.

Separately, analysts at Jefferies Group cut their price target on shares of Mindray Medical International Ltd from $36.00 to $32.00 in a research note on Thursday, May 22nd. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.07.

The stock’s 50-day moving average is $30.73 and its 200-day moving average is $32.42. The company has a market cap of $3.402 billion and a price-to-earnings ratio of 17.62.

Mindray Medical International Limited (NYSE:MR), is a developer, manufacturer and marketer of medical devices worldwide.

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