How These Medical Equipment Stocks are Faring? -- Zimmer Biomet, Neovasc, Wright Medical, and Sunshine Heart

Monday, May 8, 2017 Medical Gadgets
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NEW YORK, May 8, 2017 /PRNewswire/ -- today presents four Medical Appliances and Equipment companies

for assessment: Zimmer Biomet Holdings Inc. (NYSE: ZBH), Neovasc Inc. (NASDAQ: NVCN), Wright Medical Group N.V. (NASDAQ: WMGI), and Sunshine Heart Inc. (NASDAQ: SSH). These stocks operate in the Healthcare sector, which has received an "Outperform" rating
from Charles Schwab on April 27th, 2017 due to increased need for health care services and strong financials. Register now and get full and free access to our downloadable research reports on these stocks at:

Zimmer Biomet

Warsaw, Indiana headquartered Zimmer Biomet Holdings Inc.'s shares recorded a trading volume of 1.50 million shares last Friday, above their three months average volume of 1.15 million shares. The stock finished the trading session 0.27% lower at $116.54. The Company's shares have gained 13.15% since the start of this year. The stock is trading below its 200-day moving average by 0.99%. Furthermore, shares of Zimmer Biomet, which together with its subsidiaries, designs, manufactures, and markets musculoskeletal healthcare products and solutions in the Americas, Europe, Middle East, Africa, and Asia/Pacific, have a Relative Strength Index (RSI) of 39.91.

On April 27th, 2017, Zimmer Biomet reported financial results for the quarter ended March 31st, 2017. The Company reported Q1 2017 net sales of $1.98 billion, diluted earnings per share (EPS) of $1.47, adjusted diluted EPS of $2.13, net earnings of $299.4 million, and operating cash flow of $275.4 million. In addition, the Company paid $48.1 million in dividends, and declared a Q1 dividend of $0.24 per share.

On April 28th, 2017, research firm Needham reiterated its 'Strong Buy' rating on the Company's stock with an increase of the target price from $151 a share to $153 a share. Access our complete research report on ZBH for free at:


On Friday, Richmond, Canada headquartered Neovasc Inc.'s stock ended the session 1.34% higher at $1.51. A total volume of 94,798 shares was traded. The Company's shares have gained 14.39% over the previous three months. The stock is trading 36.08% above its 200-day moving average. Moreover, shares of Neovasc, which develops, manufactures, and markets cardiovascular products worldwide, have an RSI of 45.92.

On May 01st, 2017, Neovasc announced that it will release its financial results for Q1 2017 on Wednesday, May 10th, 2017, after markets close. The Company will subsequently hold a conference call that same day at 4:30 p.m. ET, which will be hosted by Mr. Alexei Marko, CEO, and Mr. Chris Clark, CFO. A question-and-answer session will follow the corporate update. The complimentary research report on NVCN can be downloaded at:

Wright Medical

Amsterdam, the Netherlands headquartered Wright Medical Group N.V.'s stock ended the day 0.32% higher at $28.20. A total volume of 1.57 million shares was traded, which was above their three months average volume of 1.16 million shares. The Company's shares have gained 8.71% over the previous three months and 22.72% on an YTD basis. The stock is trading 11.16% above its 200-day moving average. Additionally, shares of Wright Medical, which designs, manufactures, markets, and sells extremities and biologics products in the US, Europe, Middle East, Africa, and internationally, have an RSI of 30.56.

On April 11th , 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Buy' to 'Neutral'.

On May 02nd, 2017, Wright Medical announced that it will present at the UBS Global Healthcare Conference on Tuesday, May 23rd, 2017, at the Grand Hyatt Hotel in New York, NY. Lance Berry, CFO, will present at 8:30 a.m. ET. A live audio webcast of the conference presentation, along with the accompanying presentation materials, will be available under the "Investor Relations" link of the Company's website. Register for free on and get access to the latest PDF format report on WMGI at:

Sunshine Heart

Shares in Eden Prairie, Minnesota headquartered Sunshine Heart Inc. recorded a trading volume of 1.26 million shares, which was above their three months average volume of 679,320 shares. The stock ended Friday's session 6.42% lower at $0.74. The Company's shares have surged 111.17% since the start of this year. The stock is trading below its 200-day moving average by 56.08%. Furthermore, shares of Sunshine Heart, which develops cardiac and coronary disease products primarily in the US, have an RSI of 22.59.

On May 05th, 2017, Sunshine Heart announced that on May 04th, 2017, the Company was formally notified by NASDAQ that it has regained compliance with the minimum stockholders' equity requirement and is in compliance with all other applicable requirements for listing on The NASDAQ Capital Market. As a result of the foregoing, the NASDAQ listing matter has been closed. Download your free research report on SSH at:


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