CAS Medical Systems, Inc. (NASDAQ:CASM) – Stock analysts at Zacks Investment Research raised their FY2017 EPS estimates for shares of CAS Medical Systems in a research report issued to clients and investors on Monday. Zacks Investment Research analyst B. Marckx now expects that the medical technology company will post earnings per share of ($0.28) for the year, up from their previous forecast of ($0.36). Zacks Investment Research also issued estimates for CAS Medical Systems’ Q4 2017 earnings at ($0.08) EPS and FY2018 earnings at ($0.22) EPS.

CAS Medical Systems (NASDAQ:CASM) last announced its quarterly earnings data on Thursday, November 9th. The medical technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. The firm had revenue of $4.53 million during the quarter, compared to analysts’ expectations of $4.47 million.

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Separately, ValuEngine cut shares of CAS Medical Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.

Shares of CAS Medical Systems (NASDAQ CASM) opened at $0.70 on Wednesday. The company has a debt-to-equity ratio of -0.56, a quick ratio of 2.12 and a current ratio of 2.46. CAS Medical Systems has a 52 week low of $0.61 and a 52 week high of $1.78.

An institutional investor recently bought a new position in CAS Medical Systems stock. Stonepine Capital Management LLC bought a new stake in shares of CAS Medical Systems, Inc. (NASDAQ:CASM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 900,366 shares of the medical technology company’s stock, valued at approximately $1,044,000. CAS Medical Systems makes up approximately 0.6% of Stonepine Capital Management LLC’s portfolio, making the stock its 23rd largest position. Stonepine Capital Management LLC owned 3.29% of CAS Medical Systems at the end of the most recent quarter. 24.63% of the stock is owned by institutional investors.

CAS Medical Systems Company Profile

CAS Medical Systems, Inc is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products for patient care. The Company designs, manufactures and distributes the FORE-SIGHT and FORE-SIGHT ELITE brand tissue oximeters and sensors. It operates through Tissue Oximetry Monitoring, which includes sales of its FORE-SIGHT tissue oximeter monitors, sensors and accessories.

Earnings History and Estimates for CAS Medical Systems (NASDAQ:CASM)

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