Mazor Robotics Ltd – (MZOR) Trading 2.1% Higher
Mazor Robotics Ltd – (NASDAQ:MZOR)’s share price traded up 2.1% during trading on Wednesday . The company traded as high as $23.98 and last traded at $23.87, with a volume of 65,759 shares. The stock had previously closed at $23.38.
A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics Ltd – in a research note on Tuesday, August 2nd. Zacks Investment Research raised shares of Mazor Robotics Ltd – from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Tuesday, July 19th. Barclays PLC lifted their price target on shares of Mazor Robotics Ltd – from $16.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, July 14th. Standpoint Research assumed coverage on shares of Mazor Robotics Ltd – in a research note on Friday, July 8th. They set a “buy” rating and a $30.00 price target for the company. Finally, Sterne Agee CRT cut shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $25.00.
The stock’s 50 day moving average is $21.78 and its 200-day moving average is $15.05. The company’s market capitalization is $501.95 million.
Mazor Robotics Ltd – (NASDAQ:MZOR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $8.30 million for the quarter, compared to analyst estimates of $8.51 million. Mazor Robotics Ltd -‘s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Equities analysts anticipate that Mazor Robotics Ltd – will post ($0.63) earnings per share for the current year.
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.