Cardica Inc. (NASDAQ:DXTR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Dextera Surgical Inc. designs and manufactures proprietary stapling devices for surgical procedures. The company’s product consists of MicroCutter 5/80 use for transection and resection in urologic, thoracic and pediatric surgical procedures, as well as application for transection, resection and/or creation of anastomoses in the intestine and the transection of the appendix. Dextera Surgical Inc., formerly known as Cardica Inc., is headquartered in Redwood City, California. “

Cardica (NASDAQ:DXTR) traded up 4.23% during mid-day trading on Tuesday, hitting $1.97. 3,068 shares of the stock were exchanged. The stock’s 50 day moving average is $1.95 and its 200 day moving average is $2.50. Cardica has a 52-week low of $1.10 and a 52-week high of $4.30. The stock’s market cap is $17.53 million.

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Cardica (NASDAQ:DXTR) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.47) by $0.01. Analysts forecast that Cardica will post ($1.53) EPS for the current fiscal year.

Cardica Company Profile

Dextera Surgical Inc, formerly Cardica, Inc, is focused on the commercialization and development of microcutter product line intended for use by surgeons. The Company is engaged in commercializing and developing MicroCutter XCHANGE 30 based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.

5 Day Chart for NASDAQ:DXTR

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