Shares of RTI Surgical Inc. (NASDAQ:RTIX) fell 2.4% on Wednesday . The stock traded as low as $3.71 and last traded at $3.73, with a volume of 63,809 shares changing hands. The stock had previously closed at $3.82.

Separately, Zacks Investment Research downgraded RTI Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.

The stock has a market capitalization of $216.05 million and a P/E ratio of 21.13. The company has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.71.

RTI Surgical (NASDAQ:RTIX) last released its earnings results on Thursday, April 28th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $67.40 million for the quarter, compared to the consensus estimate of $65.68 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that RTI Surgical Inc. will post $0.19 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of RTI Surgical by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,595,287 shares of the company’s stock worth $14,273,000 after buying an additional 44,725 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of RTI Surgical by 17.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,438,200 shares of the company’s stock worth $17,620,000 after buying an additional 658,474 shares during the last quarter. Royce & Associates LLC boosted its position in shares of RTI Surgical by 30.9% in the fourth quarter. Royce & Associates LLC now owns 1,558,774 shares of the company’s stock worth $6,188,000 after buying an additional 368,000 shares during the last quarter. Tamarack Advisers LP purchased a new position in shares of RTI Surgical during the fourth quarter worth approximately $4,963,000. Finally, LSV Asset Management purchased a new position in shares of RTI Surgical during the fourth quarter worth approximately $1,432,000.

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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