EnteroMedics (RSLS) Upgraded by ValuEngine to Hold

EnteroMedics (NASDAQ:RSLS) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, December 1st.

Separately, Zacks Investment Research raised EnteroMedics from a “hold” rating to a “strong-buy” rating and set a $2.25 price objective on the stock in a research note on Wednesday, August 23rd.

EnteroMedics (NASDAQ:RSLS) traded down $0.02 during trading hours on Friday, hitting $1.35. The company had a trading volume of 221,500 shares, compared to its average volume of 1,582,051. EnteroMedics has a 12 month low of $1.23 and a 12 month high of $30.41.

EnteroMedics (NASDAQ:RSLS) last posted its earnings results on Tuesday, November 14th. The medical device company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.77). The firm had revenue of $0.36 million during the quarter. EnteroMedics had a negative return on equity of 104.23% and a negative net margin of 4,509.61%. analysts anticipate that EnteroMedics will post -1.97 EPS for the current fiscal year.

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About EnteroMedics

ReShape Lifesciences Inc, formerly EnteroMedics Inc, is a medical device company. The Company is focused on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases and other gastrointestinal disorders. The Company’s neuroblocking technology, which is referred to as VBLOC therapy, is designed to intermittently block the vagus nerve.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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