Ekso Bionics (NASDAQ:EKSO) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ekso Bionics (NASDAQ:EKSO – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.

Several other research firms have also issued reports on EKSO. 500.com reaffirmed a “reiterates” rating on shares of Ekso Bionics in a research note on Friday, April 28th. HC Wainwright reissued a “buy” rating and set a $9.00 target price on shares of Ekso Bionics in a research report on Thursday, March 30th.

Ekso Bionics Trading Up 0.3 %

NASDAQ EKSO opened at $1.48 on Wednesday. Ekso Bionics has a twelve month low of $1.03 and a twelve month high of $2.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.30 and a current ratio of 2.89. The stock has a market cap of $19.91 million, a price-to-earnings ratio of -1.31 and a beta of 1.80. The firm’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.49.

Ekso Bionics (NASDAQ:EKSO – Get Rating) last posted its quarterly earnings data on Tuesday, March 28th. The company reported ($0.24) earnings per share for the quarter. Ekso Bionics had a negative return on equity of 55.47% and a negative net margin of 102.64%. The firm had revenue of $3.55 million for the quarter. Equities analysts anticipate that Ekso Bionics will post -1.27 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Essex Investment Management Co. LLC lifted its position in Ekso Bionics by 38.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 444,057 shares of the company’s stock worth $528,000 after acquiring an additional 124,384 shares during the last quarter. Legato Capital Management LLC acquired a new position in Ekso Bionics during the 4th quarter worth $45,000. Strategic Wealth Investment Group LLC raised its position in shares of Ekso Bionics by 26.4% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 28,336 shares of the company’s stock valued at $46,000 after buying an additional 5,917 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Ekso Bionics during the third quarter valued at about $28,000. Finally, Renaissance Technologies LLC raised its position in shares of Ekso Bionics by 153.4% during the second quarter. Renaissance Technologies LLC now owns 44,606 shares of the company’s stock valued at $74,000 after buying an additional 27,006 shares during the last quarter. Institutional investors and hedge funds 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.