Endologix, Inc. (NASDAQ:ELGX) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Endologix, Inc. (NASDAQ:ELGX) to Sell in a statement released on 10/4/2016.
Yesterday Endologix, Inc. (NASDAQ:ELGX) traded -0.16% lower at $12.78. ELGX’s 50-day average is $12.38 and its two hundred day average is $11.93. With the last stock price up 7.09% relative to the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 325,177 shares of ELGX changing hands under the typical 951,012
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Endologix, Inc. has a 52 week low of $6.51 and a 52 week high of $14.50 ELGX’s total market value is presently $0.
A total of 11 equity analysts have released a research note on ELGX. Six equity analysts rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $15.41.
Brief Synopsis About Endologix, Inc. (NASDAQ:ELGX)
Endologix, Inc. is engaged in developing, manufacturing, marketing and selling medical devices for the treatment of aortic disorders. The Company's products are intended for the treatment of abdominal aortic aneurysms (AAA). The AAA products are built on one of two platforms, including traditional minimally invasive endovascular repair (EVAR) or endovascular sealing (EVAS), its solution for sealing the aneurysm sac while maintaining blood flow through two blood flow lumens. The EVAR products include the Endologix AFX Endovascular AAA System (AFX), the VELA Proximal Endograft (VELA) and the Endologix Powerlink with Intuitrak Delivery System (Intuitrak). The EVAS product is the Nellix EndoVascular Aneurysm Sealing System (Nellix EVAS System). Its EVAS product is the Nellix EndoVascular Aneurysm Sealing System (Nellix EVAS System). It offers accessories to facilitate the optimal delivery of its EVAR products, including compatible guidewires, snares, and catheter introducer sheaths.
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