Transenterix Inc (TRXC) Shares Gap Up to $1.55
Transenterix Inc (NASDAQ:TRXC) shares gapped up prior to trading on Friday . The stock had previously closed at $1.54, but opened at $1.55. Transenterix shares last traded at $1.51, with a volume of 630,971 shares traded.
Separately, Zacks Investment Research upgraded shares of Transenterix from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research report on Thursday, July 13th.
The company’s 50 day moving average is $1.14 and its 200 day moving average is $0.86. The firm’s market capitalization is $218.35 million.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRXC. Global X Management Co. LLC raised its stake in Transenterix by 238.3% during the second quarter. Global X Management Co. LLC now owns 331,075 shares of the company’s stock worth $235,000 after buying an additional 233,213 shares during the last quarter. LMR Partners LLP bought a new stake in Transenterix in the second quarter valued at $189,000. UBS Oconnor LLC bought a new stake in Transenterix in the second quarter valued at $390,000. Goldman Sachs Group Inc. increased its stake in Transenterix by 7,137.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,203,199 shares of the company’s stock valued at $854,000 after purchasing an additional 1,186,575 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Transenterix by 17.1% in the second quarter. Royal Bank of Canada now owns 418,867 shares of the company’s stock valued at $298,000 after purchasing an additional 61,034 shares in the last quarter.
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TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
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