Tenon Medical (NASDAQ:TNON) Trading Up 7.9%

Shares of Tenon Medical, Inc. (NASDAQ:TNON – Get Rating) rose 7.9% during trading on Friday . The stock traded as high as $1.87 and last traded at $1.77. Approximately 31,044 shares were traded during mid-day trading, an increase of 187% from the average daily volume of 10,799 shares. The stock had previously closed at $1.64.

Tenon Medical Stock Up 7.9 %

The firm’s fifty day simple moving average is $1.87 and its 200 day simple moving average is $1.92.

Tenon Medical (NASDAQ:TNON – Get Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.28) EPS for the quarter. The business had revenue of $0.21 million for the quarter.

Hedge Funds Weigh In On Tenon Medical

Several hedge funds have recently bought and sold shares of TNON. TMD Wealth Management LLC bought a new position in Tenon Medical in the 2nd quarter valued at about $1,164,000. Vanguard Group Inc. increased its holdings in Tenon Medical by 225.1% in the 3rd quarter. Vanguard Group Inc. now owns 73,145 shares of the company’s stock valued at $96,000 after buying an additional 50,646 shares during the period. BlackRock Inc. increased its holdings in Tenon Medical by 95.5% in the 3rd quarter. BlackRock Inc. now owns 89,459 shares of the company’s stock valued at $117,000 after buying an additional 43,706 shares during the period. Finally, State Street Corp bought a new stake in shares of Tenon Medical during the 3rd quarter valued at approximately $42,000. 7.60% of the stock is owned by institutional investors.

Tenon Medical Company Profile

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Tenon Medical, Inc, a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico.