NEW YORK, November 4, 2016 /PRNewswire/ --
Today, Stock-Callers.com is covering the highly fragmented global MedicalAppliances and Equipment space which is expected to reach approximately $302 billion in 2017 with a CAGR of 6.1% during the period of 2011 to 2017. Equities to assess today are: EnteroMedics Inc. (NASDAQ: ETRM), Amedica
St. Paul, Minnesota headquartered EnteroMedics Inc.'s shares saw a decline of 6.35% and finished Thursday's trading session at $0.08 with a total trading volume of 3.10 million shares. The stock is trading below its 50-day moving average by 38.41%. Shares of the Company, which focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders, have a Relative Strength Index (RSI) of 34.55.
As per notes filed with the SEC, on November 1st, 2016, EnteroMedics announced that as of November 1st, 2016, there were 91,375,309 shares of its common stock issued and outstanding, an increase of 21,679,150 shares since September 14th, 2016, the last date for which the Company had publically announced its issued an outstanding share count. The increase in the Company's share count is a result of the conversion or acceleration of outstanding principal and interest amounts of its outstanding 7.0% senior amortizing convertible notes by the holders of the Notes. Sign up and read the free research report on ETRM at:
On Thursday, shares in Salt Lake City, Utah headquartered Amedica Corp. recorded a trading volume of 571,184 shares, and ended the session 7.27% lower at $0.63. The stock is trading 28.07% below its 50-day moving average. Shares of the Company, which develops, manufactures, and sells a range of medical devices based on its silicon nitride ceramic technology platform in the US, Europe, and South America, have an RSI of 26.80.
On October 28th, 2016, Amedica announced that it will release financial results for Q3 2016 on November 10th, 2016, after the market closes. Following the release, on the same day, the Company will host a conference call and simultaneous audio webcast with Dr. Sonny Bal, Amedica's Chairman and CEO, to review its Q3 2016 financial results at 5:00 p.m. ET. The complimentary research report on AMDA can be downloaded at:
Shares in Richmond, Canada headquartered Neovasc Inc. closed the day at $0.54, down 16.73%. The stock recorded a trading volume of 2.46 million shares, which was above its three months average volume of 1.58 million shares. The Company's shares have gained 7.44% in the last one month, and are trading 4.20% below their 50-day moving average. Additionally, shares of Neovasc, which develops, manufactures, and markets cardiovascular products worldwide, have an RSI of 46.45.
On November 01st, 2016, Neovasc reported the findings of the Federal District Court regarding several post-trial motions stemming from a trial jury's verdict in May 2016. CardiAQ filed suit against Neovasc in the US District Court for the District of Massachusetts in 2014. In the order, Judge Allison D. Burroughs ruled in favor of CardiAQ on the issue of inventorship of Neovasc's '964 Patent. At the same time, the judge denied CardiAQ's motion for an injunction that would have shut down the development of Tiara™, thus allowing Neovasc to continue development and commercialization of Tiara™, while also denying Neovasc's motions for a new trial. Judge Burroughs upheld the jury's verdict and US$70 million award against Neovasc, and awarded US$21 million in enhanced damages to that award. Register for free on Stock-Callers.com and access the latest report on NVCN at:
At the closing bell yesterday, shares in San Diego, California headquartered ResMed Inc. ended 0.36% lower at $57.34 and with a total trading volume of 617,793 shares. The stock has advanced 8.43% on an YTD basis. The Company's shares are trading below their 200-day moving average by 6.24%. Furthermore, shares of ResMed, which designs, develops, manufactures, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders, have an RSI of 22.17.
On October 04th, 2016, research firm JP Morgan initiated a 'Neutral' rating on the Company's stock, issuing a target price of $64 per share.
On November 01st, 2016, ResMed introduced the AirFit N20 nasal mask and AirFit F20 full face mask for positive airway pressure (PAP) treatment of sleep apnea. The AirFit N20 and AirFit F20 feature ResMed's innovative new InfinitySeal silicone cushion that adapts to the unique facial contours of each patient to increase comfort, improve fit and reduce leakage for maximum treatment efficacy. ResMed claimed that the AirFit N20 fit 99% of patients tested, and the AirFit F20 fit 97%, regardless of facial structure, gender or age. Get free access to your research report on RMD at:
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SOURCE Morris Capital Inc
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