Zacks Investment Research upgraded Transenterix Inc (NASDAQ:TRXC) to Hold in a report released today.
- Updated: November 26, 2016
Zacks Investment Research has upgraded Transenterix Inc (NASDAQ:TRXC) to Hold in a report released on Saturday November 26, 2016.
Yesterday Transenterix Inc (NASDAQ:TRXC) traded 4.43% higher at $1.65. Transenterix Inc’s 50-day average is $1.66 and its two hundred day average is $1.54. With the last stock price close up 7.34% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 157,691 shares of TRXC changing hands under the typical 721,520
With a total market value of $0, Transenterix Inc has 52 week low of $1.03 and a 52 week high of $6.10 .
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $4.04 with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero brokerages rating the company a sell.
General Company Details For 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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