Asensus Surgical (NYSEAMERICAN:ASXC) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Asensus Surgical (NYSEAMERICAN:ASXCGet Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), reports. The firm had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.10 million. Asensus Surgical had a negative net margin of 902.25% and a negative return on equity of 184.10%.

Asensus Surgical Price Performance

Asensus Surgical stock opened at $0.26 on Friday. Asensus Surgical has a 52-week low of $0.20 and a 52-week high of $0.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Asensus Surgical stock. Avantax Planning Partners Inc. lifted its position in shares of Asensus Surgical, Inc. (NYSEAMERICAN:ASXCFree Report) by 773.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,936 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Avantax Planning Partners Inc.’s holdings in Asensus Surgical were worth $30,000 at the end of the most recent reporting period. 9.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HC Wainwright restated a “neutral” rating and set a $0.35 target price on shares of Asensus Surgical in a report on Thursday.

View Our Latest Analysis on Asensus Surgical

Asensus Surgical Company Profile

(Get Free Report)

Asensus Surgical, Inc, a medical device company, engages in the research, development, and sale of medical device robotics to enhance minimally invasive surgery (MIS) in the United States, Europe, the Middle East, Africa, and Asia. It digitizes the interface between the surgeon and the patient to perform performance-guided surgery for surgeons to deliver outcomes to patients.

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Earnings History for Asensus Surgical (NYSEAMERICAN:ASXC)

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