Bovie Medical Co. (NYSE:BVX) shares dropped 4.1% on Friday . The stock traded as low as $2.95 and last traded at $3.01, with a volume of 64,065 shares traded. The stock had previously closed at $3.14.

BVX has been the topic of several research analyst reports. Zacks Investment Research raised shares of Bovie Medical from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. JMP Securities reiterated an “outperform” rating and issued a $5.00 target price on shares of Bovie Medical in a research report on Wednesday, August 3rd.

The company’s market capitalization is $81.96 million. The stock has a 50-day moving average of $2.07 and a 200 day moving average of $1.88.

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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