NxStage Medical (NXTM) Sees Large Volume Increase
Shares of NxStage Medical, Inc. (NASDAQ:NXTM) saw an uptick in trading volume on Tuesday . 3,848,322 shares traded hands during mid-day trading, an increase of 409% from the previous session’s volume of 756,498 shares.The stock last traded at $29.65 and had previously closed at $29.30.
Several brokerages have issued reports on NXTM. Zacks Investment Research raised shares of NxStage Medical from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, February 5th. BidaskClub downgraded shares of NxStage Medical from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th.
The company has a market capitalization of $1.98 billion, a PE ratio of -136.36 and a beta of 0.25.
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About NxStage Medical (NASDAQ:NXTM)
NxStage Medical, Inc, a medical technology company, develops, manufactures, and markets products and services for patients suffering from chronic or acute kidney failure. Its primary product includes the System One, a portable hemodialysis system, which is used primarily for home hemodialysis and a range of dialysis therapies to deliver in the home setting.
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