Transenterix Inc (NASDAQ:TRXC) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Transenterix Inc (NASDAQ:TRXC) to Hold in a statement released on Wednesday October 12, 2016.
On 10/11/2016, B. Riley released a statement on Transenterix Inc (NASDAQ:TRXC) upped the target price from $0.00 to $3.00 that suggested an upside of 0.53%.
Having a price of $2.09, Transenterix Inc (NASDAQ:TRXC) traded 3.16% higher on the day. With the last close up -0.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Transenterix Inc has recorded a 50-day average of $1.55 and a two hundred day average of $1.97. Volume of trade was up over the average, with 1,224,380 shares of TRXC changing hands over the typical 768,586
With a total market value of $0, Transenterix Inc has with a one year low of $1.03 and a one year high of $6.10 .
A total of 7 analysts have released a research note on Transenterix Inc. Three analysts rating the company a strong buy, four analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $4.04.
More About Transenterix Inc (NASDAQ: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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