Endologix (ELGX) Trading 5.4% Higher
Shares of Endologix, Inc. (NASDAQ:ELGX) traded up 5.4% during mid-day trading on Monday . The company traded as high as $0.61 and last traded at $0.59. 520,280 shares changed hands during trading, a decline of 39% from the average session volume of 848,824 shares. The stock had previously closed at $0.56.
ELGX has been the subject of several research reports. Zacks Investment Research cut shares of Endologix from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Oppenheimer set a $3.00 price objective on shares of Endologix and gave the company a “hold” rating in a research report on Friday, November 2nd. BTIG Research reissued a “buy” rating on shares of Endologix in a research report on Sunday, November 4th. Finally, ValuEngine upgraded Endologix from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Endologix has an average rating of “Hold” and a consensus price target of $2.96.
The firm has a market capitalization of $57.93 million, a price-to-earnings ratio of -1.23 and a beta of 0.56. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 4.38.
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Endologix Company Profile (NASDAQ:ELGX)
Endologix, Inc develops, manufactures, markets, and sells medical devices for the treatment of abdominal aortic aneurysms in the United States and internationally. It offers minimally-invasive endovascular repair (EVAR) products, including AFX (Anatomical Fixation) endovascular AAA system, which is a minimally invasive delivery system; VELA Proximal Endograft, which is designed for the treatment of proximal aortic neck anatomies with AFX; and the ovation abdominal stent graft system.
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