Alphatec (ATEC) Posts Earnings Results, Misses Estimates By $0.09 EPS
Alphatec (NASDAQ:ATEC) released its quarterly earnings data on Thursday. The medical technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09), Morningstar.com reports. The business had revenue of $23.00 million during the quarter, compared to the consensus estimate of $23.92 million. Alphatec had a negative return on equity of 1,326.38% and a negative net margin of 3.32%.
Alphatec stock traded down $0.21 during midday trading on Friday, reaching $2.98. 157,185 shares of the stock traded hands, compared to its average volume of 82,652. Alphatec has a 12 month low of $2.31 and a 12 month high of $4.21. The firm has a market cap of $128.46 million, a PE ratio of -8.28 and a beta of 1.35. The company has a current ratio of 2.47, a quick ratio of 1.67 and a debt-to-equity ratio of 1.11.
ATEC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Alphatec from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 8th. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Alphatec in a research note on Friday, August 3rd.
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Alphatec Company Profile
Alphatec Holdings, Inc, a medical technology company, focuses on the design, development, and promotion of products for the surgical treatment of spine disorders. Its product portfolio and pipeline address the cervical, thoracolumbar, and intervertebral regions of the spine; and cover various spinal disorders and surgical procedures.
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