Sanara MedTech (NASDAQ:SMTI) Issues Quarterly Earnings Results

Sanara MedTech (NASDAQ:SMTI) issued its quarterly earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.10, Zacks reports. Sanara MedTech had a negative net margin of 10.71% and a negative return on equity of 19.86%.

Sanara MedTech Trading Up 6.2 %

SMTI opened at $35.69 on Tuesday. Sanara MedTech has a 12 month low of $26.00 and a 12 month high of $39.08. The company has a current ratio of 2.23, a quick ratio of 2.02 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $34.43 and a 200 day moving average of $33.84. The firm has a market cap of $311.97 million, a P/E ratio of -36.05 and a beta of 1.37.

Wall Street Analysts Forecast Growth

SMTI has been the subject of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $44.00 target price on shares of Sanara MedTech in a report on Wednesday, January 22nd. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Sanara MedTech in a research report on Thursday, January 23rd.

About Sanara MedTech

Sanara MedTech Inc, a medical technology company, develops, markets, and distributes surgical, wound, and skincare products and services to physicians, hospitals, clinics, and post-acute care settings in the United States. The company offers CellerateRX Surgical, a medical hydrolysate of Type I bovine collagen indicated for the management of surgical, traumatic, and partial- and full-thickness wounds, as well as first- and second-degree burns; and HYCOL, a medical hydrolysate of Type I bovine collagen intended for the management of full and partial thickness wounds, including pressure ulcers, venous and arterial leg ulcers, and diabetic foot ulcers.