Ekso Bionics (NASDAQ:EKSO) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Ekso Bionics (NASDAQ:EKSO – Get Rating) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Ekso Bionics Stock Up 4.1 %

NASDAQ:EKSO opened at $1.78 on Tuesday. The business’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.66. Ekso Bionics has a 52 week low of $1.03 and a 52 week high of $3.15. The company has a market cap of $23.39 million, a PE ratio of -1.55 and a beta of 1.48.

Ekso Bionics (NASDAQ:EKSO – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The company had revenue of $3.33 million during the quarter, compared to the consensus estimate of $3.58 million. Ekso Bionics had a negative return on equity of 45.07% and a negative net margin of 109.88%.

Institutional Trading of Ekso Bionics

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Ekso Bionics in the 3rd quarter worth approximately $28,000. Renaissance Technologies LLC lifted its holdings in shares of Ekso Bionics by 153.4% in the 2nd quarter. Renaissance Technologies LLC now owns 44,606 shares of the company’s stock worth $74,000 after purchasing an additional 27,006 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of Ekso Bionics by 90.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 319,673 shares of the company’s stock worth $499,000 after purchasing an additional 152,028 shares during the last quarter. Institutional investors own 12.74% of the company’s stock.

Ekso Bionics Company Profile

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Ekso Bionics Holdings, Inc engages in the design, development and sale of exoskeleton technology that currently has applications in healthcare and industrial markets. It operates through the following segments: EksoHealth and EksoWorks. The EksoHealth segment consists of the engineering, manufacture, and sale of exoskeletons for applications in the medical markets.