According to Zacks, “Microbot Medical Inc. is engaged in the research, design, development and commercialization of micro-robotics assisted medical technologies. Its product candidate includes the Self Cleaning Shunt for the treatment of hydrocephalus and Normal Pressure Hydrocephalus and TipCAT, a self-propelling, semi-disposable endoscope which is being developed initially for use in colonoscopy procedures. Microbot Medical Inc., formerly known as Stemcells, Inc., is headquartered in Hingham, MA. “
Microbot Medical stock traded up $0.09 during midday trading on Thursday, reaching $7.67. The company’s stock had a trading volume of 99,360 shares, compared to its average volume of 135,152. Microbot Medical has a 52 week low of $6.03 and a 52 week high of $12.20. The firm’s 50-day moving average is $7.47.
Several large investors have recently added to or reduced their stakes in MBOT. BlackRock Inc. lifted its stake in shares of Microbot Medical by 0.8% in the fourth quarter. BlackRock Inc. now owns 191,801 shares of the biotechnology company’s stock worth $1,322,000 after acquiring an additional 1,583 shares during the period. Investment Management Associates Inc. ADV acquired a new position in shares of Microbot Medical in the first quarter worth approximately $85,000. Millennium Management LLC acquired a new position in shares of Microbot Medical in the first quarter worth approximately $96,000. Renaissance Technologies LLC acquired a new position in shares of Microbot Medical in the fourth quarter worth approximately $112,000. Finally, Citadel Advisors LLC acquired a new position in shares of Microbot Medical in the first quarter worth approximately $140,000. Institutional investors own 9.79% of the company’s stock.
About Microbot Medical
Microbot Medical Inc, a pre-clinical medical device company, researches, designs, and develops micro-robotics assisted medical technologies targeting the minimally invasive surgery space. The company, through its ViRob, TipCAT, and Liberty micro-robotic technologies, developing Self Cleaning Shunt for the treatment of hydrocephalus and normal pressure hydrocephalus; a disposable self-propelled locomotive device to treat capabilities within tubular lumens, such as the blood vessels, respiratory, and the urinary and GI tracts; a combination of a guidewire and microcatheter technologies that are used for endoluminal surgery; and maneuver guidewire, microcatheters, and over-the-wire devices within the body's vasculature.
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