Ladenburg Thalmann Financial Services assumed coverage on shares of Microbot Medical (NASDAQ:MBOT) in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $1.75 price target on the biotechnology company’s stock.
Microbot Medical (NASDAQ MBOT) opened at $1.04 on Wednesday. Microbot Medical has a 12-month low of $1.00 and a 12-month high of $9.94. The firm has a market capitalization of $38.66, a P/E ratio of -1.51 and a beta of -0.39.
In other news, Director Yoseph Bornstein sold 42,132 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1.01, for a total transaction of $42,553.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 272,990 shares of company stock worth $291,894 over the last ninety days. 31.83% of the stock is owned by insiders.
An institutional investor recently bought a new position in Microbot Medical stock. Sabby Management LLC bought a new position in shares of Microbot Medical Inc (NASDAQ:MBOT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,285,351 shares of the biotechnology company’s stock, valued at approximately $1,825,000. Sabby Management LLC owned 2.92% of Microbot Medical as of its most recent SEC filing. Institutional investors own 4.67% of the company’s stock.
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Microbot Medical Company Profile
Microbot Medical Inc, formerly StemCells, Inc, is a medical device company. The Company specializes in the researching, designing, developing and commercializing transformational micro-robotic medical technologies leveraging the artificial and natural lumens within the human body. It is engaged in developing its two product candidates: the Self Cleaning Shunt (SCS) for the treatment of hydrocephalus and normal pressure hydrocephalus (NPH), and TipCAT, a self-propelling, semi-disposable endoscope that the Company is developing for use in colonoscopy procedures.
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