Dextera Surgical Inc. (DXTR) Issues Earnings Results
Dextera Surgical Inc. (NASDAQ:DXTR) posted its quarterly earnings data on Tuesday. The medical instruments supplier reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.29, reports.
Dextera Surgical (NASDAQ:DXTR) traded down 7.5806% during mid-day trading on Tuesday, hitting $0.2865. The stock had a trading volume of 5,584,877 shares. Dextera Surgical has a 12-month low of $0.17 and a 12-month high of $2.65. The company has a 50-day moving average of $0.27 and a 200-day moving average of $0.76. The stock’s market cap is $2.56 million.
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A number of analysts have weighed in on DXTR shares. Zacks Investment Research cut Dextera Surgical from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Wedbush decreased their price objective on Dextera Surgical from $3.50 to $0.70 and set an “outperform” rating for the company in a research report on Wednesday, July 12th.
About Dextera Surgical
Dextera Surgical Inc, formerly Cardica, Inc, designs and manufactures stapling devices that enable the advancement of minimally invasive surgical procedures. The Company is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.
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