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.

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in Bovie Medical during the 2nd quarter worth approximately $136,000. BlackRock Inc. grew its holdings in Bovie Medical by 17.7% during the 2nd quarter. BlackRock Inc. now owns 106,961 shares of the medical device company’s stock worth $465,000 after acquiring an additional 16,115 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Bovie Medical during the 2nd quarter worth approximately $498,000. Boston Partners bought a new stake in Bovie Medical during the 2nd quarter worth approximately $620,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Bovie Medical by 46.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 147,350 shares of the medical device company’s stock worth $641,000 after acquiring an additional 46,600 shares during the last quarter.

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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