Research Reports Initiation on Medical Equipment Stocks -- Lantheus, Nevro, Steris, and Spectranetics
NEW YORK, December 28, 2016 /PRNewswire/ --
Ahead of today's session, Stock-Callers.com presents these four equities in the Medical Appliances and Equipment space for review: Lantheus Holdings Inc. (NASDAQ: LNTH), Nevro Corp. (NYSE: NVRO), Steris PLC (NYSE: STE), and The Spectranetics Corp. (NASDAQ: SPNC). These firms belong to the Healthcare sector which was moderately higher on Tuesday, December 27th, 2016. As per a NASDAQ report, the NYSE Health Care Index climbed about 0.2%, while shares of health care companies in the S&P 500 rose about 0.2% as a group. Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Lantheus
On Tuesday, shares in North Billerica, Massachusetts headquartered Lantheus Holdings Inc. recorded a trading volume of 135,269 shares. The stock ended the session 1.17% lower at $8.45. The Company's shares have gained 2.80% in the previous three months and 150.00% since the start of this year. The stock is trading 50.19% above its 200-day moving average. Moreover, shares of Lantheus Holdings, which develops, manufactures, and commercializes diagnostic medical imaging agents and products for the diagnosis and treatment of cardiovascular and other diseases worldwide, have a Relative Strength Index (RSI) of 40.66.
As per a SEC filing dated November 17th, 2016, Lantheus Holdings entered into an underwriting agreement on November 15th, 2016, with the selling stockholders listed on Schedule II thereto, and Credit Suisse Securities LLC, as the underwriter relating to the underwritten offering of 3,500,000 shares of its common stock, par value $0.01 per share, including 1,000,000 shares to be sold by the company and 2,500,000 shares to be sold by the selling stockholders. The free research report on LNTH is available at:
http://stock-callers.com/registration/?symbol=LNTH
Nevro
Redwood City, California headquartered Nevro Corp.'s stock closed the day 0.58% higher at $71.39 with a total trading volume of 215,986 shares. The Company's shares have advanced 5.75% on an YTD basis. The stock is trading 10.46% below its 200-day moving average. Additionally, shares of Nevro, which develops and commercializes a neuromodulation platform for the treatment of chronic pain in the US, Europe, and Australia, have an RSI of 33.19.
As per a SEC filing dated December 20th, 2016, Nevro Corp., on December 19th, 2016, entered into a First Amendment to Lease with Westport Office Park, LLC effective as of December 9th, 2016. Pursuant to the Lease Amendment, the Company will lease an additional approximately 49,980 square feet of office space adjacent to the Original Premises at 1600 Bridge Parkway, Redwood City, California 94065 for expansion of the Company's principal executive offices. The complimentary report on NVRO can be downloaded at:
http://stock-callers.com/registration/?symbol=NVRO
Steris
Shares in Leicester, the UK headquartered Steris PLC recorded a trading volume of 294,404 shares, and ended yesterday's trading session 0.32% lower at $68.87. The Company's shares have advanced 2.67% in the past month. The stock is trading above its 50-day moving average by 2.69%. Furthermore, shares of Steris, which develops, manufactures, and markets infection prevention, contamination control, microbial reduction, and surgical and gastrointestinal support products and services for healthcare, pharmaceutical, scientific, research, industrial, and governmental customers worldwide, have an RSI of 58.17.
On November 2nd, 2016, STERIS announced that Q2 FY17 revenue increased 32% to $646.4 million compared to $489.9 million in Q2 FY16. The Company's reported net income for Q2 FY17 was $40.4 million, or $0.47 per diluted share, compared to net income of $8.7 million, or $0.14 per diluted share, in Q2 FY16.
On November 30th, 2016, research firm Goldman initiated a 'Neutral' rating on the Company's stock, with a target price of $71 per share. Visit us today and download our complete research report on STE for free at:
http://stock-callers.com/registration/?symbol=STE
Spectranetics
Colorado Springs, Colorado headquartered The Spectranetics Corp.'s stock finished Tuesday's session 1.01% higher at $25.00 with a total trading volume of 357,345 shares. The Company's shares have advanced 7.30% in the last one month, 3.39% over the previous three months, and 66.00% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.53% and 19.31%, respectively. Additionally, shares of Spectranetics, which together with its subsidiaries, develops, manufactures, markets, and distributes single-use medical devices used in minimally invasive procedures in the cardiovascular system, have an RSI of 63.19.
On November 21st, 2016, Spectranetics announced that its Stellarex™ 0.014" Drug-coated Angioplasty Balloon (DCB) has received the CE mark. The Stellarex 0.014" device is designed to treat small vessels, below-the-knee disease, and challenging critical limb ischemia in patients. The combination of the currently available Stellarex 0.035" and the new 0.014" line available in Europe expands Spectranetics' comprehensive portfolio of next generation DCBs to treat complex disease states across the lower extremities.
On December 16th, 2016, research firm Raymond James initiated an 'Outperform' rating on the Company's stock. Get free access to your technical report on SPNC at:
http://stock-callers.com/registration/?symbol=SPNC
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