Several other research firms have also issued reports on APYX. Zacks Investment Research lowered shares of Apyx Medical from a buy rating to a hold rating in a research note on Tuesday. Piper Jaffray Companies increased their target price on shares of Apyx Medical to $10.00 and gave the stock an overweight rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Apyx Medical has a consensus rating of Buy and an average target price of $8.94.
APYX traded up $0.06 during midday trading on Wednesday, hitting $8.37. 1,981 shares of the company’s stock traded hands, compared to its average volume of 76,445. The company has a market cap of $274.20 million, a PE ratio of -28.76 and a beta of 0.15. The stock’s fifty day simple moving average is $8.03 and its 200-day simple moving average is $7.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.73 and a quick ratio of 7.93. Apyx Medical has a one year low of $3.55 and a one year high of $8.89.
A number of institutional investors and hedge funds have recently bought and sold shares of APYX. BlackRock Inc. boosted its position in Apyx Medical by 372.5% during the second quarter. BlackRock Inc. now owns 2,123,214 shares of the company’s stock worth $14,268,000 after purchasing an additional 1,673,854 shares during the period. State Street Corp lifted its position in shares of Apyx Medical by 34.2% during the 3rd quarter. State Street Corp now owns 557,677 shares of the company’s stock worth $3,775,000 after purchasing an additional 142,098 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Apyx Medical during the 4th quarter worth about $1,164,000. Bank of New York Mellon Corp boosted its stake in Apyx Medical by 388.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 114,587 shares of the company’s stock valued at $770,000 after purchasing an additional 91,133 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new stake in Apyx Medical during the 2nd quarter valued at approximately $524,000. Hedge funds and other institutional investors own 51.99% of the company’s stock.
About Apyx Medical
Apyx Medical Corporation, a medical technology company, manufactures and sells medical devices in the cosmetic and surgical markets worldwide. It operates through two segments, Advanced Energy and original equipment manufacturing (OEM). The company develops J-Plasma, a patented plasma-based surgical product for cutting, coagulation, and ablation of soft tissue.
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