Bovie Medical (BVX) Sees Strong Trading Volume
Shares of Bovie Medical Co. (NYSEAMERICAN:BVX) saw unusually-strong trading volume on Tuesday . Approximately 1,168,615 shares were traded during mid-day trading, an increase of 964% from the previous session’s volume of 109,862 shares.The stock last traded at $6.19 and had previously closed at $5.34.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Bovie Medical from a “d” rating to a “c-” rating in a report on Monday, May 14th. Zacks Investment Research lowered shares of Bovie Medical from a “hold” rating to a “sell” rating in a report on Thursday, May 17th.
Bovie Medical (NYSEAMERICAN:BVX) last announced its quarterly earnings results on Wednesday, August 1st. The medical device company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $11.50 million for the quarter, compared to analyst estimates of $11.38 million. Bovie Medical had a negative net margin of 13.32% and a negative return on equity of 21.67%. Bovie Medical’s revenue for the quarter was up 17.3% compared to the same quarter last year.
Bovie Medical Company Profile (NYSEAMERICAN:BVX)
Bovie Medical Corporation, a medical device company, develops, manufactures, and markets electrosurgical devices and technologies, and related medical products used in doctor's offices, surgery centers, and hospitals worldwide. The company provides electrosurgical products, including desiccators, generators, electrodes, electrosurgical pencils, and various ancillary disposable products used during surgical procedures in gynecology, urology, plastic surgery, dermatology, veterinary, and other surgical markets for the cutting and coagulation of tissue.
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