Shares of Bovie Medical Co. (NYSE:BVX) dropped 4.1% on Friday . The stock traded as low as $2.95 and last traded at $3.01, with a volume of 64,065 shares traded. The stock had previously closed at $3.14.

BVX has been the subject of several recent research reports. Zacks Investment Research raised shares of Bovie Medical from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. JMP Securities reissued an “outperform” rating and issued a $5.00 price target on shares of Bovie Medical in a research note on Wednesday, August 3rd.

The firm has a 50 day moving average of $2.07 and a 200-day moving average of $1.88. The firm’s market capitalization is $81.96 million.

Bovie Medical (NYSE:BVX) last announced its quarterly earnings data on Wednesday, May 11th. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $7.80 million for the quarter, compared to analysts’ expectations of $7.17 million. On average, analysts anticipate that Bovie Medical Co. will post ($0.13) EPS for the current fiscal 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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