Bovie Medical Co. (NYSE:BVX) rose 28.9% during mid-day trading on Tuesday . The company traded as high as $2.54 and last traded at $2.41, with a volume of 363,156 shares changing hands. The stock had previously closed at $1.87.

Separately, Zacks Investment Research raised shares of Bovie Medical from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th.

The company’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.83. The company’s market cap is $66.82 million.

Bovie Medical (NYSE:BVX) last released its earnings results on Wednesday, May 11th. The medical device company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. The business earned $7.80 million during the quarter, compared to the consensus estimate of $7.17 million. Equities analysts forecast that Bovie Medical Co. will post ($0.21) EPS for the current fiscal year.

Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers through original equipment manufacturing (OEM) agreements, as well as start-up companies.

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