Equities researchers at StockNews.com started coverage on shares of Orthofix Medical (NASDAQ:OFIX – Get Rating) in a research note issued on Sunday. The firm set a “buy” rating on the medical device company’s stock.
Orthofix Medical Stock Up 1.6 %
NASDAQ OFIX opened at $19.87 on Friday. The stock has a fifty day moving average of $17.81 and a 200-day moving average of $18.92. The stock has a market capitalization of $726.05 million, a P/E ratio of -8.04 and a beta of 0.87. Orthofix Medical has a 52 week low of $13.76 and a 52 week high of $27.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.37 and a current ratio of 2.98.
Orthofix Medical (NASDAQ:OFIX – Get Rating) last announced its quarterly earnings data on Monday, March 6th. The medical device company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.56. Orthofix Medical had a negative return on equity of 2.14% and a negative net margin of 14.40%. The business had revenue of $122.23 million during the quarter, compared to analysts’ expectations of $121.90 million. During the same period in the previous year, the firm earned $0.27 earnings per share. On average, equities research analysts forecast that Orthofix Medical will post -2.89 EPS for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On Orthofix Medical
Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Orthofix Medical in the first quarter valued at about $39,000. CWM LLC grew its stake in Orthofix Medical by 433.4% in the fourth quarter. CWM LLC now owns 1,947 shares of the medical device company’s stock valued at $40,000 after acquiring an additional 1,582 shares during the period. KBC Group NV grew its stake in Orthofix Medical by 87.1% in the first quarter. KBC Group NV now owns 2,879 shares of the medical device company’s stock valued at $48,000 after acquiring an additional 1,340 shares during the period. UBS Group AG grew its stake in Orthofix Medical by 2,120.8% in the third quarter. UBS Group AG now owns 2,776 shares of the medical device company’s stock valued at $53,000 after acquiring an additional 2,651 shares during the period. Finally, US Bancorp DE acquired a new position in Orthofix Medical in the third quarter valued at about $57,000. 98.43% of the stock is owned by institutional investors and hedge funds.
About Orthofix Medical
Orthofix Medical, Inc engages in the provision of medical devices. It operates through the following business segments: Global Spine and Global Extremities. The Global Spine reporting segment offers three primary product categories: Bone Growth Therapies, Spinal Implants, and Biologics. The Bone Growth Therapies product category manufactures, distributes, and provides support services of bone growth stimulator devices that enhance bone fusion.
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