Zacks Investment Research Upgrades Cardica Inc. (DXTR) to Hold
Cardica Inc. (NASDAQ:DXTR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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 down 2.229% during mid-day trading on Tuesday, hitting $1.926. The stock had a trading volume of 4,072 shares. Cardica has a 1-year low of $1.10 and a 1-year high of $4.30. The company has a 50-day moving average price of $1.91 and a 200 day moving average price of $2.45. The company’s market cap is $17.14 million.
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Cardica (NASDAQ:DXTR) last posted its earnings results on Tuesday, August 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.01. Equities research 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.
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