Anteris Technologies Global (NASDAQ:AVR) Earns Sell (E+) Rating from Weiss Ratings

Key Points

• Anteris Technologies Global (NASDAQ:AVR) received a "sell (E+)" rating from Weiss Ratings, indicating a continued recommendation to avoid the stock.
• The company's stock price increased by 9.4% to $4.78, despite a reported earnings miss of ($0.58) per share in its latest quarter, compared to the expected ($0.53).
• Several hedge funds, including Corebridge Financial Inc. and Deutsche Bank AG, have recently acquired new stakes in Anteris Technologies Global, suggesting interest from institutional investors.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Anteris Technologies Global Stock Up 9.4%

NASDAQ AVR traded up $0.41 on Wednesday, hitting $4.78. 111,628 shares of the company's stock were exchanged, compared to its average volume of 205,509. The stock has a 50-day moving average of $4.22 and a 200-day moving average of $4.00. Anteris Technologies Global has a 52 week low of $2.34 and a 52 week high of $8.79.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.05). The firm had revenue of $0.62 million for the quarter, compared to the consensus estimate of $0.58 million. Equities analysts expect that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Corebridge Financial Inc. purchased a new position in shares of Anteris Technologies Global during the 1st quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Anteris Technologies Global during the 1st quarter worth $32,000. Intech Investment Management LLC bought a new stake in shares of Anteris Technologies Global during the 2nd quarter worth $49,000. Deutsche Bank AG bought a new stake in shares of Anteris Technologies Global during the 1st quarter worth $59,000. Finally, Nuveen LLC bought a new stake in shares of Anteris Technologies Global during the 1st quarter worth $71,000.

Anteris Technologies Global Company Profile

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.

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