Mazor Robotics Ltd – (MZOR) Sees Large Volume Increase
Mazor Robotics Ltd – (NASDAQ:MZOR) shares saw unusually-strong trading volume on Monday . Approximately 200,179 shares traded hands during trading, a decline of 3% from the previous session’s volume of 205,691 shares.The stock last traded at $20.62 and had previously closed at $20.50.
Several research analysts have recently issued reports on MZOR shares. Zacks Investment Research raised Mazor Robotics Ltd – from a “sell” rating to a “hold” rating in a research report on Thursday, May 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics Ltd – in a research report on Tuesday, May 10th. Standpoint Research started coverage on Mazor Robotics Ltd – in a research report on Friday. They set a “buy” rating and a $30.00 price objective for the company. Sterne Agee CRT cut Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Wells Fargo & Co. raised Mazor Robotics Ltd – from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Mazor Robotics Ltd – has a consensus rating of “Hold” and a consensus target price of $20.00.
The stock’s 50 day moving average price is $17.17 and its 200 day moving average price is $12.44. The stock’s market capitalization is $429.87 million.
Mazor Robotics Ltd – (NASDAQ:MZOR) last issued its earnings results on Tuesday, May 10th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.06. The firm earned $6.40 million during the quarter, compared to analyst estimates of $6.63 million. During the same quarter in the previous year, the business posted ($0.11) EPS. Mazor Robotics Ltd -‘s revenue was up 42.2% compared to the same quarter last year. Equities analysts anticipate that Mazor Robotics Ltd – will post ($0.42) earnings per share for the current 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 – accounts for 5.0% of Oracle Investment Management Inc.’s holdings, 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 quarter.
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.