Second Sight Medical Products Inc (NASDAQ:EYES) shares were up 6.9% during mid-day trading on Friday . The company traded as high as $1.90 and last traded at $1.85. Approximately 1,327,236 shares changed hands during trading, an increase of 72% from the average daily volume of 771,907 shares. The stock had previously closed at $1.73.
A number of research analysts recently issued reports on EYES shares. Zacks Investment Research raised shares of Second Sight Medical Products from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. HC Wainwright set a $5.00 target price on shares of Second Sight Medical Products and gave the stock a “buy” rating in a report on Monday, February 5th.
The company has a market cap of $105.09, a price-to-earnings ratio of -3.49 and a beta of 3.46.
Institutional investors have recently modified their holdings of the business. Sigma Planning Corp purchased a new position in Second Sight Medical Products in the fourth quarter worth about $144,000. HBK Sorce Advisory LLC raised its holdings in Second Sight Medical Products by 278.5% in the fourth quarter. HBK Sorce Advisory LLC now owns 94,635 shares of the medical device company’s stock worth $181,000 after buying an additional 69,635 shares during the last quarter. Virtu Financial LLC purchased a new position in Second Sight Medical Products in the fourth quarter worth about $759,000. Finally, Vanguard Group Inc. raised its holdings in Second Sight Medical Products by 0.7% in the second quarter. Vanguard Group Inc. now owns 843,462 shares of the medical device company’s stock worth $1,062,000 after buying an additional 5,973 shares during the last quarter. 13.68% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Second Sight Medical Products (EYES) Trading Up 6.9%” was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2018/03/11/second-sight-medical-products-eyes-trading-up-6-9.html.
Second Sight Medical Products Company Profile
Second Sight Medical Products, Inc is engaged in developing, manufacturing and marketing prosthetic devices that restore vision to blind individuals. The Company’s product, the Argus II System, treats outer retinal degenerations, such as retinitis pigmentosa (RP). The Argus II System provides an artificial form of vision that differs from the vision of people with normal sight.
Receive News & Ratings for Second Sight Medical Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Second Sight Medical Products and related companies with MarketBeat.com's FREE daily email newsletter.