Craig-Hallum Initiates Coverage on INVUITY INC COM USD0.001 to Buy

Craig-Hallum Initiates Coverage on INVUITY INC COM USD0.001(NASDAQ:IVTY). The shares have been rated Buy. The rating by Craig-Hallum was issued on Aug 29, 2016.

INVUITY INC COM USD0.001 (IVTY) made into the market gainers list on Thursdays trading session with the shares advancing 4.01% or 0.54 points. Due to strong positive momentum, the stock ended at $14, which is also near the day’s high of $14. The stock began the session at $13.42 and the volume stood at 3,72,988 shares. The 52-week high of the shares is $18.18 and the 52 week low is $4.8. The company has a current market capitalization of $227 M and it has 1,62,46,321 shares in outstanding.

INVUITY INC COM USD0.001(IVTY) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $8.22M. Analysts had an estimated revenue of $8.05M. Earnings per share were $-0.76. Analysts had estimated an EPS of $-0.81.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, Robert Gerberich (VP of Sales) sold 10,500 shares at $12.53 per share price.Also, On Aug 25, 2016, Philip M Sawyer (President and CEO) sold 42,000 shares at $13.03 per share price.On Aug 25, 2016, Alex Vayser (Chief Technology Officer) sold 9,000 shares at $12.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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