Cardica Inc. (NASDAQ:DXTR) shares rose 7.1% on Tuesday . The company traded as high as $2.45 and last traded at $2.40, with a volume of 54,149 shares. The stock had previously closed at $2.24.

Separately, Zacks Investment Research raised Cardica from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Thursday, April 21st.

The firm has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00. The firm’s market cap is $21.42 million.

Dextera Surgical Inc, formerly Cardica, Inc, is focused on the commercialization and development of microcutter product line intended for use by surgeons. The Company is engaged in commercializing and developing MicroCutter XCHANGE 30 based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.

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