Sensus Healthcare (NASDAQ:SRTS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Saturday.
Several other research firms also recently commented on SRTS. Weiss Ratings reiterated a "sell (d)" rating on shares of Sensus Healthcare in a research report on Tuesday, April 21st. Alliance Global Partners initiated coverage on Sensus Healthcare in a research report on Friday, March 6th. They set a "buy" rating and a $7.50 price objective for the company. Citigroup reaffirmed a "buy" rating on shares of Sensus Healthcare in a research note on Friday. Finally, Maxim Group decreased their target price on Sensus Healthcare from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.88.
Get Our Latest Stock Analysis on SRTS
Sensus Healthcare Stock Performance
SRTS opened at $3.08 on Friday. The business's fifty day moving average is $4.14 and its 200-day moving average is $4.16. The firm has a market cap of $50.70 million, a P/E ratio of -6.55 and a beta of 1.19. Sensus Healthcare has a 52-week low of $2.82 and a 52-week high of $5.92.
Sensus Healthcare (NASDAQ:SRTS - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The business had revenue of $3.39 million during the quarter, compared to analyst estimates of $5.32 million. Sensus Healthcare had a negative net margin of 34.50% and a negative return on equity of 15.41%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Opes Wealth Management LLC purchased a new position in shares of Sensus Healthcare during the third quarter valued at approximately $50,000. XTX Topco Ltd purchased a new position in shares of Sensus Healthcare during the fourth quarter valued at approximately $77,000. Jane Street Group LLC purchased a new position in shares of Sensus Healthcare during the fourth quarter valued at approximately $79,000. Mindset Wealth Management LLC boosted its position in shares of Sensus Healthcare by 28.1% during the third quarter. Mindset Wealth Management LLC now owns 50,100 shares of the company's stock valued at $157,000 after buying an additional 11,000 shares during the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in shares of Sensus Healthcare during the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 25.30% of the company's stock.
Key Sensus Healthcare News
Here are the key news stories impacting Sensus Healthcare this week:
About Sensus Healthcare
(
Get Free Report)
Sensus Healthcare, Inc is a medical technology company specializing in the development, manufacture and commercialization of superficial radiation therapy (SRT) systems. The company's SRT devices utilize low-energy X-rays to treat a range of dermatological and oncological conditions, most notably non-melanoma skin cancers such as basal cell carcinoma and squamous cell carcinoma, as well as benign lesions including keloids. By delivering targeted radiation to superficial tissue layers, Sensus Healthcare's systems aim to provide an alternative to surgical excision or systemic therapies, offering clinicians a non-invasive treatment option for eligible patients.
The company's flagship products include the SRT-100™ and SRT-100+™ platforms, which feature handheld applicators, adjustable energy settings and integrated safety controls.
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