STRATA Skin Sciences (NASDAQ:SSKN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of STRATA Skin Sciences, Inc. (NASDAQ:SSKN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.79 and traded as high as $2.81. STRATA Skin Sciences shares last traded at $2.59, with a volume of 52,071 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Maxim Group began coverage on shares of STRATA Skin Sciences in a research note on Thursday, February 27th. They issued a “buy” rating and a $6.00 target price for the company.

STRATA Skin Sciences Stock Up 4.9%

The company has a current ratio of 1.13, a quick ratio of 0.94 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $10.80 million, a P/E ratio of -0.97 and a beta of 0.68. The stock’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $2.79.

STRATA Skin Sciences (NASDAQ:SSKN) last posted its quarterly earnings results on Wednesday, May 14th. The medical device company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.02). STRATA Skin Sciences had a negative return on equity of 69.33% and a negative net margin of 28.72%. The business had revenue of $6.81 million during the quarter, compared to the consensus estimate of $7.28 million. As a group, research analysts predict that STRATA Skin Sciences, Inc. will post -1.05 EPS for the current fiscal year.

About STRATA Skin Sciences

STRATA Skin Sciences, Inc, a medical technology company, develops, commercializes, and markets products for the treatment of dermatologic conditions in the United States, Europe, the Middle East, Asia, Australia, South Africa, and Central and South America. The company operates in two segments, Dermatology Recurring Procedures and Dermatology Procedures Equipment.