Shares of TransEnterix, Inc. (NYSEAMERICAN:TRXC) fell 5% during mid-day trading on Tuesday . The company traded as low as $0.19 and last traded at $0.19, 3,984,003 shares were traded during trading. An increase of 43% from the average session volume of 2,787,802 shares. The stock had previously closed at $0.20.
TRXC has been the subject of several research analyst reports. Royal Bank of Canada lowered TransEnterix from an “outperform” rating to a “sector perform” rating and set a $1.00 price target for the company. in a research note on Thursday, August 8th. Zacks Investment Research upgraded TransEnterix from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a report on Saturday, November 16th.
TransEnterix (NYSEAMERICAN:TRXC) last released its quarterly earnings data on Tuesday, November 12th. The medical instruments supplier reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $2.02 million for the quarter, compared to the consensus estimate of $4.68 million.
TransEnterix Company Profile (NYSEAMERICAN:TRXC)
TransEnterix, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery. The company offers Senhance System, a multi-port robotic surgery system, which allows up to four arms to control robotic instruments and a camera in Europe.
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