Electromed, Inc. (NYSEAMERICAN:ELMD) traded up 6.5% on Thursday . The company traded as high as $10.99 and last traded at $9.89, 129,083 shares traded hands during mid-day trading. An increase of 728% from the average session volume of 15,590 shares. The stock had previously closed at $9.29.
Separately, Dougherty & Co assumed coverage on Electromed in a research note on Friday, October 18th. They issued a “buy” rating and a $12.00 price objective for the company.
Electromed (NYSEAMERICAN:ELMD) last released its quarterly earnings data on Tuesday, November 12th. The medical equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.11. The business had revenue of $8.30 million during the quarter.
About Electromed (NYSEAMERICAN:ELMD)
Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.
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