Wright Medical Group Inc (NASDAQ:WMGI) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 910 put options on the company. This represents an increase of approximately 838% compared to the typical volume of 97 put options.
A number of equities analysts have issued reports on WMGI shares. Needham & Company LLC reiterated a “hold” rating on shares of Wright Medical Group in a report on Thursday, November 2nd. BMO Capital Markets decreased their price objective on Wright Medical Group from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Barclays decreased their price objective on Wright Medical Group from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Royal Bank of Canada restated a “buy” rating and issued a $30.00 price objective on shares of Wright Medical Group in a report on Thursday, November 2nd. Finally, Jefferies Group restated a “buy” rating on shares of Wright Medical Group in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Wright Medical Group currently has an average rating of “Hold” and an average price target of $31.89.
Shares of Wright Medical Group (NASDAQ WMGI) traded up $0.64 during midday trading on Wednesday, hitting $20.51. The stock had a trading volume of 1,888,328 shares, compared to its average volume of 1,152,756. The company has a market cap of $2,117.77, a PE ratio of -7.50, a price-to-earnings-growth ratio of 153.42 and a beta of 0.60. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.31 and a quick ratio of 0.96. Wright Medical Group has a 12 month low of $19.04 and a 12 month high of $31.53.
ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/wright-medical-group-sees-unusually-high-options-volume-wmgi.html.
About Wright Medical Group
Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.
Receive News & Ratings for Wright Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.