Amedica Co. (NASDAQ:AMDA) reached a new 52-week low during trading on Thursday . The company traded as low as $0.21 and last traded at $0.25, with a volume of 63255 shares. The stock had previously closed at $0.24.
Separately, ValuEngine upgraded shares of Amedica from a “hold” rating to a “buy” rating in a report on Wednesday, July 4th.
An institutional investor recently raised its position in Amedica stock. Renaissance Technologies LLC boosted its stake in Amedica Co. (NASDAQ:AMDA) by 152.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 302,996 shares of the medical equipment provider’s stock after purchasing an additional 182,900 shares during the quarter. Renaissance Technologies LLC owned about 6.86% of Amedica worth $286,000 as of its most recent SEC filing. 3.72% of the stock is owned by hedge funds and other institutional investors.
Amedica Corporation, a biomaterial company, develops, manufactures, and commercializes a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America. The company offers silicon nitride implants to surgeons and hospitals for use in cervical and thoracolumbar spine surgery under the Valeo brand.
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