Mazor Robotics Ltd – (MZOR) Shares Up 2.3%
Mazor Robotics Ltd – (NASDAQ:MZOR)’s share price shot up 2.3% during mid-day trading on Tuesday . The stock traded as high as $20.50 and last traded at $20.06, with a volume of 80,553 shares trading hands. The stock had previously closed at $19.60.
Several brokerages recently issued reports on MZOR. Needham & Company LLC reissued a “hold” rating on shares of Mazor Robotics Ltd – in a report on Wednesday, July 13th. Barclays PLC lifted their price target on shares of Mazor Robotics Ltd – from $16.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Zacks Investment Research raised shares of Mazor Robotics Ltd – from a “sell” rating to a “hold” rating in a report on Thursday, May 19th. Sterne Agee CRT downgraded shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. Finally, Standpoint Research began coverage on shares of Mazor Robotics Ltd – in a report on Friday, July 8th. They set a “buy” rating and a $30.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.00.
The stock’s market capitalization is $426.05 million. The stock’s 50-day moving average is $17.91 and its 200 day moving average is $12.90.
Mazor Robotics Ltd – (NASDAQ:MZOR) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. During the same period last year, the company posted ($0.11) earnings per share. The firm had revenue of $6.40 million for the quarter, compared to the consensus estimate of $6.63 million. The business’s revenue was up 42.2% compared to the same quarter last year. On average, analysts predict that Mazor Robotics Ltd – will post ($0.41) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Mazor Robotics Ltd – stock. Oracle Investment Management Inc. increased its stake in shares of Mazor Robotics Ltd – (NASDAQ:MZOR) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,816,635 shares of the company’s stock after buying an additional 323,724 shares during the period. Mazor Robotics Ltd – makes up about 5.0% of Oracle Investment Management Inc.’s portfolio, making the stock its 7th largest position. Oracle Investment Management Inc. owned 13.31% of Mazor Robotics Ltd – worth $28,617,000 at the end of the most recent reporting period.
Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.
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