Neovasc (NASDAQ:NVCN) (TSE:NVC) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.
Separately, Zacks Investment Research cut shares of Neovasc from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Neovasc presently has a consensus rating of “Hold” and a consensus target price of $5.19.
Neovasc (NASDAQ:NVCN) remained flat at $$0.78 during midday trading on Friday. 306,242 shares of the company were exchanged, compared to its average volume of 650,144. The stock has a market capitalization of $61.56, a price-to-earnings ratio of 2.89 and a beta of -0.03. Neovasc has a fifty-two week low of $0.70 and a fifty-two week high of $3.34.
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Neovasc Company Profile
Neovasc Inc (Neovasc) is a specialty medical device company. The Company develops, manufactures and markets products for the cardiovascular marketplace. The Company’s segment is the development, manufacture and marketing of medical devices. Its products include the Tiara technology in development for the transcatheter treatment of mitral valve disease, the Neovasc Reducer for the treatment of refractory angina, and tissue products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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