Mazor Robotics Ltd – (MZOR) Reaches New 12-Month High at $24.79
Mazor Robotics Ltd – (NASDAQ:MZOR) shares hit a new 52-week high on Friday . The stock traded as high as $24.79 and last traded at $24.50, with a volume of 109,124 shares changing hands. The stock had previously closed at $23.50.
MZOR has been the topic of several recent research reports. Standpoint Research initiated coverage on shares of 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Mazor Robotics Ltd – in a research report on Tuesday, May 10th. Zacks Investment Research raised shares of 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, July 19th. Sterne Agee CRT cut shares of Mazor Robotics Ltd – from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Finally, Wells Fargo & Co. raised shares of Mazor Robotics Ltd – from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Mazor Robotics Ltd – presently has an average rating of “Buy” and an average target price of $25.00.
The company’s 50-day moving average price is $20.62 and its 200-day moving average price is $14.22. The company’s market cap is $517.12 million.
Mazor Robotics Ltd – (NASDAQ:MZOR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The firm earned $8.30 million during the quarter, compared to analysts’ expectations of $8.51 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Mazor Robotics Ltd – will post ($0.63) EPS 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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