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B. Riley reported on Transenterix Inc (NYSE:TRXC), upping its stock price target to $3.00 earlier today

B. Riley raised the price target of Transenterix Inc (NYSE:TRXC) to $3.00 reporting a possible upside of 0.63%.

Previously on Wednesday May 11, 2016, Lake Street reported on Transenterix Inc (NYSE:TRXC) increased the target price from $0.00 to $2.00. At the time, this indicated a possible upside of 0.29%.

Just yesterday Transenterix Inc (NYSE:TRXC) traded -0.58% lower at $1.84. Transenterix Inc’s 50-day moving average is $1.51 and its 200-day moving average is $2.04. The last closing price is down -16.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 324,534 shares of TRXC traded hands, down from an average trading volume of 733,826

Recent Performance Chart

Transenterix Inc (NYSE:TRXC)

Transenterix Inc has 52 week low of $1.03 and a 52 week high of $6.10 and has a market capitalization of $0.

In addition to B. Riley reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $4.04 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 0 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 Transenterix Inc (NYSE:TRXC)

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. The system features advanced technology to enable surgeons with haptic feedback and the ability to move the camera through eye movement. The system replicates laparoscopic motion and integrates three-dimensional high definition (3DHD) vision technology. The ALF-X System also offers responsible economics to hospitals by offering robotic technology with reusable instruments. The SurgiBot System is designed as a single-incision, patient-side robotic-assisted surgery system. The Company also develops and manufactures laparoscopic surgical instruments that are used in abdominal surgery, such as scissors, graspers, clip appliers, and suction and irrigation instruments.

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