Myomo Inc (MYO) Issues Earnings Results
Myomo Inc (NYSE:MYO) issued its quarterly earnings data on Monday. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09, Bloomberg Earnings reports. The company had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.32 million.
Myomo (MYO) traded up $0.10 during trading on Tuesday, reaching $4.24. 338,567 shares of the company traded hands, compared to its average volume of 81,723. Myomo has a twelve month low of $2.53 and a twelve month high of $23.20.
Separately, HC Wainwright initiated coverage on shares of Myomo in a research note on Monday, October 2nd. They issued a “buy” rating and a $12.00 target price on the stock.
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Myomo Company Profile
Myomo, Inc is a United States-based medical device company specializing in myoelectric orthotics for people with neurological disorders. The Company’s products help to restore function in individuals with neuromuscular conditions, such as brachial plexus injury, spinal cord injury, multiple sclerosis and stroke.
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