Bovie Medical Co. (NYSE:BVX) shot up 3.4% during mid-day trading on Tuesday . The stock traded as high as $3.25 and last traded at $3.05, with a volume of 126,953 shares trading hands. The stock had previously closed at $2.95.

Several research firms recently issued reports on BVX. JMP Securities reiterated an “outperform” rating and issued a $5.00 price objective on shares of Bovie Medical in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Bovie Medical from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th.

The company’s 50-day moving average price is $2.11 and its 200-day moving average price is $1.88. The firm’s market cap is $80.34 million.

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.