ValuEngine cut shares of Encision Inc. (OTCMKTS:ECIA) from a hold rating to a sell rating in a research note released on Friday morning.

Shares of Encision (ECIA) opened at 0.40 on Friday. The stock’s 50 day moving average price is $0.42 and its 200 day moving average price is $0.40. Encision has a 52 week low of $0.18 and a 52 week high of $0.52. The stock’s market cap is $4.27 million.

Encision (OTCMKTS:ECIA) last posted its quarterly earnings data on Thursday, July 27th. The medical device company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $2.36 million during the quarter. Encision had a negative net margin of 5.00% and a negative return on equity of 22.86%.

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About Encision

Encision Inc is a medical device company. The Company designs, develops, manufactures and markets surgical instruments that provide safety to patients undergoing minimally-invasive surgery. Its Active Electrode Monitoring (AEM) technology provides surgeons with the desired tissue effects of cutting and coagulating tissue in laparoscopic procedures, while preventing stray electrosurgical energy that can cause complications and even death.

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