Trimedyne, Inc. (OTCMKTS:TMED – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $30.00 and traded as high as $30.24. Trimedyne shares last traded at $29.71, with a volume of 7,246 shares traded.
Trimedyne Trading Down 1.4%
The stock has a 50 day moving average of $30.00 and a 200-day moving average of $27.68. The company has a market capitalization of $16.34 million, a P/E ratio of -21.85 and a beta of 1.62.
Trimedyne Company Profile
Trimedyne, Inc manufactures and sells lasers, and disposable and reusable fiber-optic laser devices for use in the medical field. It offers lasers, fibers, needles, and switch tips for use in orthopedics, urology, ear and nose surgery, throat surgery, gynecology, gastrointestinal surgery, general surgery, and other medical specialties. The company also provides 80 watt and 30 watt holmium lasers, and side firing laser needles to treat herniated or ruptured spinal discs. In addition, it engages in the provision of services, and rental of lasers and other medical equipment to hospitals and surgery centers on a fee-per-case basis.
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