A statement released earlier today by B. Riley about Mazor Robotics Ltd (NASDAQ:MZOR) bumps the target price to $25.00
- Updated: October 7, 2016
B. Riley upped the price target of Mazor Robotics Ltd (NASDAQ:MZOR) to $25.00 indicating a possible upside of 0.13%.
Previously on 10/6/2016, B. Riley reported on Mazor Robotics Ltd (NASDAQ:MZOR) increased the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.10%.
Just yesterday Mazor Robotics Ltd (NASDAQ:MZOR) traded -3.93% lower at $22.20. Mazor Robotics Ltd’s 50-day moving average is $23.23 and its 200-day moving average is $17.83. The last closing price is up 27.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 372,079 shares of MZOR traded hands, up from an average trading volume of 152,182
Recent Performance Chart
Mazor Robotics Ltd has 52 week low of $8.31 and a 52 week high of $26.48 and has a market capitalization of $0.
In addition to B. Riley reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $17.10 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Mazor Robotics Ltd (NASDAQ:MZOR)
Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications. Its Renaissance System and its predecessor are used in a number of spine surgeries, including fusion, correction of spinal deformities, biopsy collection, tumor excision and cement augmentations. Furthermore the Company developed the Renaissance Brain Module, an application of its Renaissance System that provides control over the insertion of surgical instruments during brain surgery.
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