TransEnterix (TRXC) Shares Gap Down to $3.10
TransEnterix, Inc. (NYSEAMERICAN:TRXC) gapped down prior to trading on Monday . The stock had previously closed at $3.17, but opened at $3.10. TransEnterix shares last traded at $2.99, with a volume of 4724994 shares trading hands.
A number of research firms have recently weighed in on TRXC. Zacks Investment Research raised shares of TransEnterix from a “sell” rating to a “hold” rating in a research report on Friday, November 9th. BTIG Research reissued a “hold” rating on shares of TransEnterix in a research report on Tuesday, September 25th. Finally, LADENBURG THALM/SH SH raised shares of TransEnterix from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Friday, November 9th.
TransEnterix (NYSEAMERICAN:TRXC) last released its earnings results on Thursday, November 8th. The medical instruments supplier reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. The company had revenue of $5.40 million for the quarter, compared to the consensus estimate of $5.40 million. TransEnterix’s quarterly revenue was up 2850.8% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new position in TransEnterix in the 2nd quarter worth approximately $104,000. Global X Management Co LLC bought a new position in TransEnterix in the 2nd quarter worth approximately $11,212,000. Millennium Management LLC boosted its holdings in TransEnterix by 787.5% in the 1st quarter. Millennium Management LLC now owns 1,895,115 shares of the medical instruments supplier’s stock worth $3,222,000 after buying an additional 1,681,583 shares during the period. Ardsley Advisory Partners bought a new position in TransEnterix in the 2nd quarter worth approximately $109,000. Finally, Schwab Charles Investment Management Inc. bought a new position in TransEnterix in the 2nd quarter worth approximately $1,407,000.
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About TransEnterix (NYSEAMERICAN:TRXC)
TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.
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