Bovie Medical Co. (BVX) Shares Up 5.2%
Shares of Bovie Medical Co. (NYSE:BVX) shot up 5.2% on Monday . The company traded as high as $3.38 and last traded at $3.01, with a volume of 190,477 shares trading hands. The stock had previously closed at $2.86.
A number of brokerages have weighed in on BVX. Zacks Investment Research upgraded shares of Bovie Medical from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. JMP Securities restated an “outperform” rating and issued a $5.00 target price on shares of Bovie Medical in a research report on Wednesday, August 3rd.
The firm’s market cap is $83.86 million. The company has a 50-day moving average price of $1.87 and a 200 day moving average price of $1.85.
Bovie Medical (NYSE:BVX) last released its quarterly earnings data on Wednesday, May 11th. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $7.80 million for the quarter, compared to analysts’ expectations of $7.17 million. Equities research analysts forecast that Bovie Medical Co. will post ($0.13) EPS for the current 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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