Mazor Robotics Ltd – (MZOR) Shares Down 2.7%
Mazor Robotics Ltd – (NASDAQ:MZOR)’s share price traded down 2.7% during mid-day trading on Thursday . The stock traded as low as $19.51 and last traded at $19.54, with a volume of 52,818 shares changing hands. The stock had previously closed at $20.09.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Mazor Robotics Ltd – from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a research report on Tuesday. Barclays PLC increased their price target on Mazor Robotics Ltd – from $16.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics Ltd – in a research report on Wednesday, July 13th. Standpoint Research began coverage on Mazor Robotics Ltd – in a research report on Friday, July 8th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Sterne Agee CRT downgraded Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.00.
The company’s 50 day moving average price is $18.13 and its 200-day moving average price is $13.02. The firm’s market cap is $423.72 million.
Mazor Robotics Ltd – (NASDAQ:MZOR) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. During the same period last year, the firm earned ($0.11) earnings per share. The company earned $6.40 million during the quarter, compared to analysts’ expectations of $6.63 million. Mazor Robotics Ltd -‘s revenue was up 42.2% on a year-over-year basis. On average, equities analysts predict that Mazor Robotics Ltd – will post ($0.41) earnings per share for the current fiscal 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.
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