NEW YORK, September 12, 2016 /PRNewswire/ --
Today, Stock-Callers.com's attention is turned to the Medical Appliances and Equipment space which presents some good buying opportunities given the growing demand for Healthcare and the rising number of the aging population. Stocks in focus are: EnteroMedics Inc. (NASDAQ: ETRM), Neovasc Inc. (NASDAQ: NVCN), Amedica Corp. (NASDAQ: AMDA), and InspireMD Inc. (NYSE MKT: NSPR). Download the free research reports on these stocks today:
St. Paul, Minnesota headquartered EnteroMedics Inc.'s stock saw a decline of 10.71%, finishing Friday's trading session at $0.14. A total volume of 7.07 million shares was traded, which are above their three months average volume of 4.22 million shares. The Company's shares are trading below their 50-day moving average by 37.60%. Additionally, shares of EnteroMedics, which focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders, have a Relative Strength Index (RSI) of 26.08.
On September 07th, 2016, EnteroMedics announced the appointment of Scott Youngstrom as Chief Financial Officer and Chief Compliance Officer, effective October 3rd, 2016. Scott will succeed Greg Lea, EnteroMedics' current Chief Financial Officer and Chief Compliance Officer, who will be retiring from the Company effective October 3, 2016. Mr. Youngstrom brings to EnteroMedics over 25 years of strategic financial and operational experience in a variety of medical device companies, most recently having served as Chief Financial Officer and Vice President, Finance at Galil Medical, a leading developer of cryotherapy technology. Prior to Galil Medical, from 2009 to 2014, Mr. Youngstrom served as Vice President, Chief Operating Officer, and Chief Financial Officer at DGIMED Ortho, Inc., a developer of orthopedic medical devices. See our free and comprehensive research report on ETRM at:
Shares in Richmond, Canada headquartered Neovasc Inc. ended the session at $0.58, which was a drop of 3.13%. The stock recorded a trading volume of 447,589 shares. The Company's shares have gained 43.05% in the previous three months and are trading 2.31% above their 50-day moving average. Moreover, shares of Neovasc, which develops, manufactures, and markets cardiovascular products worldwide, have an RSI of 48.77.
On August 9th, 2016 Neovasc reported that revenues for the three months ended June 30th, 2016, were $1.71 million compared to revenues of $2.97 million for the same period in 2015, representing a decrease of 42%. The operating losses and comprehensive losses for the three months ended June 30th, 2016 were $83.69 million and $83.06 million, respectively, or $1.25 basic and diluted loss per share, as compared with losses of $6.75 million and $5.30 million, or $0.10 basic and diluted loss per share for the same period in 2015. The primary increase in the operating loss was attributed to a $70 million contingent liability related to the jury award against the Company in its litigation with CardiAQ. NVCN free research report PDF is just a click away at:
On Friday, shares in Salt Lake City, Utah headquartered Amedica Corp. recorded a trading volume of 879,407 shares. The stock rose 1.22%, closing the day at $0.91. The Company's shares have gained 18.16% in the last one month. The stock is trading 3.93% above its 50-day moving average. Additionally, shares of Amedica, which develops, manufactures, and sells a range of medical devices based on its silicon nitride ceramic technology platform in the US, Europe, and South America, have an RSI of 51.58.
On August 24th, 2016, Amedica announced that the U.S. FDA's clearance of expanded Valeo® II Lateral Lumbar sizes. The additional sizes of the Valeo II LL interbody fusion device will be commercially available August 29th, 2016 The Valeo II LL interbody fusion device is made entirely of Amedica's proprietary medical grade silicon nitride ceramic -- an ideal material for fusion, due to its inherent osteoconductivity, anti-infective properties, bone-like imaging (artifact-free & radiotranslucent), and exceptional strength. The system includes second generation instrumentation to improve patient safety and surgeon ease of use. Sign up for your complimentary report on AMDA at:
At the close, shares in Boston, Massachusetts headquartered InspireMD Inc. recorded a trading volume of 357,726 shares. The stock ended the session at $0.13, up 0.47%. The Company's shares are trading below their 50-day moving average by 28.72%. Furthermore, shares of InspireMD, which focuses on the development and commercialization of proprietary MicroNet stent platform technology for the treatment of complex coronary and vascular diseases, have an RSI of 34.55.
On September 07th, 2016, InspireMD announced the appointment of Thomas Kester to the Company's Board of Directors and Chairman of the Company's Audit Committee. Mr. Kester's experience includes 28 years at KPMG LLP, including 18 years as an audit partner. Register for free on Stock-Callers.com and download the latest research report on NSPR at:
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