RTI Surgical (RTIX) Downgraded by BidaskClub

BidaskClub downgraded shares of RTI Surgical (NASDAQ:RTIX) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of RTI Surgical from a hold rating to a sell rating in a research report on Tuesday, March 6th. Craig Hallum upgraded shares of RTI Surgical from a hold rating to a buy rating in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. RTI Surgical currently has an average rating of Hold.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:RTIX opened at $4.60 on Wednesday. RTI Surgical has a one year low of $3.70 and a one year high of $6.00. The company has a quick ratio of 1.39, a current ratio of 3.50 and a debt-to-equity ratio of 0.23. The company has a market cap of $283.97, a PE ratio of 76.67, a price-to-earnings-growth ratio of 2.56 and a beta of 1.69.

RTI Surgical (NASDAQ:RTIX) last issued its quarterly earnings results on Thursday, March 1st. The medical equipment provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). RTI Surgical had a return on equity of 2.88% and a net margin of 2.24%. The business had revenue of $70.82 million for the quarter, compared to analyst estimates of $70.16 million. equities research analysts forecast that RTI Surgical will post 0.12 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of RTIX. Millennium Management LLC grew its position in shares of RTI Surgical by 101.8% during the 4th quarter. Millennium Management LLC now owns 591,647 shares of the medical equipment provider’s stock worth $2,426,000 after buying an additional 298,508 shares during the period. Foundry Partners LLC grew its position in shares of RTI Surgical by 35.8% during the 4th quarter. Foundry Partners LLC now owns 1,107,745 shares of the medical equipment provider’s stock worth $4,542,000 after buying an additional 292,320 shares during the period. Allianz Asset Management GmbH grew its position in shares of RTI Surgical by 69.0% during the 4th quarter. Allianz Asset Management GmbH now owns 398,085 shares of the medical equipment provider’s stock worth $1,632,000 after buying an additional 162,525 shares during the period. Paradigm Capital Management Inc. NY grew its position in shares of RTI Surgical by 2.3% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 5,930,217 shares of the medical equipment provider’s stock worth $24,314,000 after buying an additional 131,052 shares during the period. Finally, Deutsche Bank AG grew its position in shares of RTI Surgical by 117.1% during the 4th quarter. Deutsche Bank AG now owns 209,499 shares of the medical equipment provider’s stock worth $857,000 after buying an additional 113,003 shares during the period. Institutional investors own 68.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “RTI Surgical (RTIX) Downgraded by BidaskClub” was first posted by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/03/31/rti-surgical-rtix-downgraded-by-bidaskclub.html.

About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

Receive News & Ratings for RTI Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTI Surgical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply