Wright Medical Group NV (NASDAQ:WMGI) shares gapped up before the market opened on Thursday . The stock had previously closed at $26.13, but opened at $25.94. Wright Medical Group shares last traded at $26.07, with a volume of 38848 shares trading hands.

A number of research firms have weighed in on WMGI. Guggenheim upgraded shares of Wright Medical Group from a “neutral” rating to a “buy” rating in a research report on Wednesday. BidaskClub upgraded shares of Wright Medical Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 4th. BMO Capital Markets cut their price objective on shares of Wright Medical Group from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. ValuEngine cut shares of Wright Medical Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 11th. Finally, Oppenheimer set a $25.00 price objective on shares of Wright Medical Group and gave the company a “hold” rating in a research report on Thursday, May 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wright Medical Group has a consensus rating of “Buy” and a consensus target price of $29.38.

The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $2.65 billion, a P/E ratio of -119.18 and a beta of 0.78.

Wright Medical Group (NASDAQ:WMGI) last posted its quarterly earnings results on Wednesday, May 9th. The medical device company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.06. The firm had revenue of $198.54 million for the quarter, compared to analysts’ expectations of $193.69 million. Wright Medical Group had a negative net margin of 22.11% and a negative return on equity of 2.58%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share. equities analysts forecast that Wright Medical Group NV will post -0.14 EPS for the current fiscal year.

In other news, CFO Lance A. Berry sold 6,683 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $24.61, for a total value of $164,468.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin D. Cordell sold 2,738 shares of the company’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $24.62, for a total transaction of $67,409.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,768 shares of company stock worth $338,324. Company insiders own 4.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Wright Medical Group in the first quarter worth about $235,000. A.R.T. Advisors LLC purchased a new stake in Wright Medical Group in the first quarter worth about $258,000. GSA Capital Partners LLP purchased a new stake in Wright Medical Group in the first quarter worth about $270,000. Landscape Capital Management L.L.C. purchased a new stake in Wright Medical Group in the fourth quarter worth about $376,000. Finally, Invictus RG purchased a new stake in Wright Medical Group in the fourth quarter worth about $411,000.

Wright Medical Group Company Profile

Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells extremities and biologics products. The company offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth.

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