Shares of Dextera Surgical Inc. (NASDAQ:DXTR) gapped up prior to trading on Wednesday . The stock had previously closed at $0.32, but opened at $0.33. Dextera Surgical shares last traded at $0.34, with a volume of 3,402,308 shares.

A number of analysts have recently weighed in on the stock. Ladenburg Thalmann Financial Services assumed coverage on shares of Dextera Surgical in a report on Wednesday, August 16th. They issued a “buy” rating and a $0.80 target price on the stock. Zacks Investment Research downgraded shares of Dextera Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Wedbush reduced their target price on shares of Dextera Surgical from $3.50 to $0.70 and set an “outperform” rating on the stock in a report on Wednesday, July 12th.

The firm has a 50 day moving average price of $0.28 and a 200-day moving average price of $0.57. The firm’s market cap is $6.09 million.

Dextera Surgical (NASDAQ:DXTR) last posted its quarterly earnings results on Tuesday, August 8th. The medical instruments supplier reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.29. The firm had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $1.03 million. Analysts anticipate that Dextera Surgical Inc. will post ($0.24) earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Perkins Capital Management Inc. purchased a new position in shares of Dextera Surgical in the second quarter worth about $100,000. Virtu KCG Holdings LLC lifted 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 in the last quarter. Finally, Broadfin Capital LLC lifted 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 in the last quarter. 7.78% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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