OrthoPediatrics (NASDAQ:KIDS) Stock Price Down 3%

Shares of OrthoPediatrics Corp. (NASDAQ:KIDS) dropped 3% during trading on Tuesday . The stock traded as low as $24.86 and last traded at $25.01. Approximately 40,415 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 169,735 shares. The stock had previously closed at $25.78.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KIDS shares. Needham & Company LLC increased their price target on OrthoPediatrics from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of OrthoPediatrics in a research note on Tuesday, May 7th. Finally, Truist Financial restated a “hold” rating and issued a $30.00 price target (down previously from $35.00) on shares of OrthoPediatrics in a report on Thursday, August 8th.

OrthoPediatrics Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.99 and a current ratio of 4.45. The firm has a market capitalization of $606.45 million, a price-to-earnings ratio of -26.85 and a beta of 1.19. The business has a fifty day moving average price of $30.61 and a 200 day moving average price of $29.75.

Institutional Investors Weigh In On OrthoPediatrics

Several institutional investors and hedge funds have recently added to or reduced their stakes in KIDS. CWM LLC grew its holdings in shares of OrthoPediatrics by 16,283.3% during the 4th quarter. CWM LLC now owns 983 shares of the company’s stock worth $32,000 after purchasing an additional 977 shares during the period. Quest Partners LLC purchased a new stake in OrthoPediatrics during the second quarter worth approximately $34,000. International Assets Investment Management LLC increased its position in shares of OrthoPediatrics by 3,151.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,203 shares of the company’s stock worth $37,000 after acquiring an additional 1,166 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of OrthoPediatrics by 56.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,783 shares of the company’s stock valued at $81,000 after acquiring an additional 1,009 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of OrthoPediatrics during the 2nd quarter valued at $110,000. 69.05% of the stock is currently owned by institutional investors and hedge funds.

OrthoPediatrics Company Profile

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.