Bovie Medical Co. (NYSE:BVX)’s share price shot up 28.9% during mid-day trading on Tuesday . The stock traded as high as $2.54 and last traded at $2.41, with a volume of 363,156 shares trading hands. The stock had previously closed at $1.87.

Several brokerages have recently issued reports on BVX. JMP Securities reissued an “outperform” rating and set a $5.00 price target on shares of Bovie Medical in a report on Wednesday. Zacks Investment Research raised shares of Bovie Medical from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th.

The stock’s 50-day moving average is $1.81 and its 200 day moving average is $1.84. The stock’s market capitalization is $70.33 million.

Bovie Medical (NYSE:BVX) last issued its quarterly earnings results on Wednesday, May 11th. The medical device company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The firm earned $7.80 million during the quarter, compared to the consensus estimate of $7.17 million. On average, analysts expect that Bovie Medical Co. will post ($0.13) EPS for the current year.

Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers through original equipment manufacturing (OEM) agreements, as well as start-up companies.

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