Corindus Vascular Robotics Inc (CVRS) Stock Price Down 0%
Corindus Vascular Robotics Inc (NYSEMKT:CVRS)’s share price traded down 0% during mid-day trading on Monday . The company traded as low as $0.77 and last traded at $0.79. 863,759 shares changed hands during trading, an increase of 2% from the average session volume of 849,480 shares. The stock had previously closed at $0.79.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Corindus Vascular Robotics from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Tuesday, August 29th. BidaskClub raised shares of Corindus Vascular Robotics from a “sell” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine downgraded shares of Corindus Vascular Robotics from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Cowen and Company set a $3.00 price objective on shares of Corindus Vascular Robotics and gave the stock a “buy” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $2.33.
Corindus Vascular Robotics (NYSEMKT:CVRS) last announced its quarterly earnings results on Tuesday, November 7th. The medical equipment provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Corindus Vascular Robotics had a negative return on equity of 94.27% and a negative net margin of 372.63%. The firm had revenue of $2.43 million for the quarter, compared to analysts’ expectations of $3.60 million.
A number of institutional investors and hedge funds have recently modified their holdings of CVRS. Vanguard Group Inc. boosted its stake in shares of Corindus Vascular Robotics by 57.6% during the second quarter. Vanguard Group Inc. now owns 3,279,185 shares of the medical equipment provider’s stock valued at $6,100,000 after purchasing an additional 1,198,384 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Corindus Vascular Robotics in the third quarter worth $1,213,000. Northern Trust Corp lifted its stake in Corindus Vascular Robotics by 42.4% in the second quarter. Northern Trust Corp now owns 959,920 shares of the medical equipment provider’s stock worth $1,786,000 after acquiring an additional 285,811 shares during the period. Geode Capital Management LLC lifted its stake in Corindus Vascular Robotics by 73.3% in the first quarter. Geode Capital Management LLC now owns 673,488 shares of the medical equipment provider’s stock worth $882,000 after acquiring an additional 284,855 shares during the period. Finally, State Street Corp lifted its stake in Corindus Vascular Robotics by 44.3% in the second quarter. State Street Corp now owns 926,439 shares of the medical equipment provider’s stock worth $1,724,000 after acquiring an additional 284,507 shares during the period.
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Corindus Vascular Robotics Company Profile
Corindus Vascular Robotics, Inc is engaged in robotic-assisted vascular interventions. The Company’s CorPath System is a medical device that brings robotic-assisted precision to radial, coronary and peripheral procedures. The workstation allows the physician greater control and the freedom from wearing heavy lead protective equipment that causes musculoskeletal injuries.
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