Shares of Cardica Inc. (NASDAQ:DXTR) shot up 11.2% during mid-day trading on Monday . The stock traded as high as $2.94 and last traded at $2.48, with a volume of 131,848 shares traded. The stock had previously closed at $2.23.

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

The firm’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. The stock’s market cap is $21.16 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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