Craig Hallum Downgrades CAS Medical Systems (CASM) to Hold

Share on StockTwits

CAS Medical Systems (NASDAQ:CASM) was downgraded by Craig Hallum from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, The Fly reports.

NASDAQ:CASM opened at $2.41 on Tuesday. CAS Medical Systems has a 52 week low of $0.99 and a 52 week high of $2.70. The firm has a market capitalization of $45.80 million, a price-to-earnings ratio of -8.93 and a beta of 0.45.

A number of hedge funds have recently added to or reduced their stakes in CASM. BlackRock Inc. raised its holdings in shares of CAS Medical Systems by 569.2% during the second quarter. BlackRock Inc. now owns 84,091 shares of the medical technology company’s stock worth $164,000 after acquiring an additional 71,525 shares during the period. Renaissance Technologies LLC raised its stake in shares of CAS Medical Systems by 47.2% during the second quarter. Renaissance Technologies LLC now owns 386,539 shares of the medical technology company’s stock worth $754,000 after acquiring an additional 123,939 shares in the last quarter. Douglas Lane & Associates LLC bought a new stake in CAS Medical Systems in the fourth quarter valued at $54,000. Ingalls & Snyder LLC bought a new position in CAS Medical Systems in the 3rd quarter worth about $1,142,000. Finally, Vanguard Group Inc increased its position in shares of CAS Medical Systems by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 547,560 shares of the medical technology company’s stock valued at $1,249,000 after purchasing an additional 15,155 shares during the last quarter. Institutional investors own 27.92% of the company’s stock.

CAS Medical Systems Company Profile

CAS Medical Systems, Inc, a medical technology company, develops, manufactures, and markets non-invasive patient monitoring products worldwide. The company provides FORE-SIGHT tissue oximeter monitors, sensors, and accessories, as well as offers FORE-SIGHT ELITE monitors. Its FORE-SIGHT absolute tissue oximeter provides non-invasive and quantitative measurement of oxygenation for cerebral tissue during surgery or critical care situations.

Recommended Story: Understanding Analyst Ratings

The Fly

Receive News & Ratings for CAS Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAS Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.