Cardica Inc. (NASDAQ:DXTR)’s share price traded 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 trading hands. The stock had previously closed at $2.23.

Separately, Zacks Investment Research cut shares of Cardica from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th.

The firm’s market capitalization is $20.89 million. The stock’s 50-day moving average is $0.00 and its 200 day moving average is $0.00.

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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