Dextera Surgical Inc. (NASDAQ:DXTR)’s share price shot up 4.7% on Friday . The company traded as high as $0.44 and last traded at $0.34, with a volume of 3,576,340 shares. The stock had previously closed at $0.36.

A number of brokerages have recently weighed in on DXTR. Zacks Investment Research lowered Dextera Surgical from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Wedbush lowered their target price on Dextera Surgical from $3.50 to $0.70 and set an “outperform” rating on the stock in a research note on Wednesday, July 12th. Finally, Ladenburg Thalmann Financial Services began coverage on Dextera Surgical in a research note on Wednesday, August 16th. They set a “buy” rating and a $0.80 target price on the stock.

The firm has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.59. The stock’s market cap is $6.14 million.

Dextera Surgical (NASDAQ:DXTR) last issued its earnings results on Tuesday, August 8th. The medical instruments supplier reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.29. The business had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.03 million. Equities research analysts expect that Dextera Surgical Inc. will post ($0.24) EPS for the current year.

A number of large investors have recently modified their holdings of DXTR. Perkins Capital Management Inc. acquired a new stake in shares of Dextera Surgical during the second quarter worth about $100,000. Virtu KCG Holdings LLC boosted its stake in shares of Dextera Surgical by 1,380.6% in the second quarter. Virtu KCG Holdings LLC now owns 369,918 shares of the medical instruments supplier’s stock worth $111,000 after buying an additional 344,933 shares during the last quarter. Finally, Broadfin Capital LLC boosted its stake in shares of Dextera Surgical by 64.7% in the second quarter. Broadfin Capital LLC now owns 987,520 shares of the medical instruments supplier’s stock worth $296,000 after buying an additional 388,080 shares during the last quarter. 7.78% of the stock is currently owned by institutional investors and hedge funds.

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Dextera Surgical Company Profile

Dextera Surgical Inc, formerly Cardica, Inc, designs and manufactures stapling devices that enable the advancement of minimally invasive surgical procedures. The Company is engaged in commercializing and developing its MicroCutter 5/80 stapler based on its staple-on-a-strip technology for use by thoracic, pediatric, bariatric, colorectal and general surgeons.