K2M Group (NASDAQ:KTWO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised K2M Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Barclays reaffirmed a “buy” rating and set a $25.00 price target on shares of K2M Group in a research note on Tuesday, January 9th. Needham & Company LLC lifted their price target on K2M Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Wells Fargo & Co lowered K2M Group from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Monday, December 4th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $24.00 price target on shares of K2M Group in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.50.
K2M Group (NASDAQ:KTWO) traded up $0.09 during trading hours on Thursday, reaching $18.53. The company had a trading volume of 259,494 shares, compared to its average volume of 272,995. The company has a market capitalization of $802.89, a price-to-earnings ratio of -19.10 and a beta of 1.47. K2M Group has a 12 month low of $16.44 and a 12 month high of $25.99. The company has a quick ratio of 1.67, a current ratio of 3.06 and a debt-to-equity ratio of 0.29.
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About K2M Group
K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.
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