Ra Medical Systems (NYSE:RMED) Trading Down 6.7%

Ra Medical Systems, Inc (NYSE:RMED – Get Rating) traded down 6.7% during mid-day trading on Tuesday . The stock traded as low as $1.02 and last traded at $1.12. 309,655 shares changed hands during trading, an increase of 134% from the average session volume of 132,083 shares. The stock had previously closed at $1.20.

Ra Medical Systems Price Performance

The stock’s 50 day moving average is $1.40 and its 200-day moving average is $2.80. The company has a market capitalization of $6.01 million and a P/E ratio of -0.01.

Institutional Investors Weigh In On Ra Medical Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMED. UBS Group AG purchased a new position in Ra Medical Systems during the first quarter valued at $27,000. Morgan Stanley increased its stake in shares of Ra Medical Systems by 9,491.7% in the 4th quarter. Morgan Stanley now owns 8,057 shares of the company’s stock worth $47,000 after acquiring an additional 7,973 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Ra Medical Systems during the first quarter valued at approximately $62,000. Virtu Financial LLC lifted its holdings in shares of Ra Medical Systems by 632.2% during the first quarter. Virtu Financial LLC now owns 193,677 shares of the company’s stock valued at $77,000 after purchasing an additional 167,227 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Ra Medical Systems in the 3rd quarter worth approximately $125,000.

About Ra Medical Systems

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Ra Medical Systems, Inc engages in the design, development and commercialization of excimer lasers for the treatment of vascular immune-mediated inflammatory diseases. Its product, the Destruction of Arteriosclerotic Blockages by laser Radiation Ablation (DABRA) laser and single-use catheter, together referred to as DABRA, is used as a tool in the treatment of peripheral artery disease which commonly occurs in the legs.