Myomo (NYSEAMERICAN:MYO) Director Heather Getz Acquires 20,000 Shares

Myomo, Inc. (NYSEAMERICAN:MYO) Director Heather Getz bought 20,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $0.70 per share, for a total transaction of $14,000.00. Following the acquisition, the director directly owned 131,754 shares of the company’s stock, valued at approximately $92,227.80. The trade was a 17.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Myomo Trading Down 2.5%

NYSEAMERICAN:MYO opened at $0.72 on Wednesday. The firm has a market capitalization of $27.77 million, a P/E ratio of -1.95 and a beta of 1.17. Myomo, Inc. has a 52 week low of $0.63 and a 52 week high of $5.62. The company has a quick ratio of 2.93, a current ratio of 3.30 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $0.83 and a 200 day moving average of $0.91.

Wall Street Analyst Weigh In

MYO has been the subject of a number of recent analyst reports. Craig Hallum reaffirmed a “buy” rating on shares of Myomo in a research report on Tuesday, March 10th. Ascendiant Capital Markets reduced their target price on Myomo from $10.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $7.67.

Institutional Investors Weigh In On Myomo

Large investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Myomo by 132.9% in the fourth quarter. LPL Financial LLC now owns 177,000 shares of the company’s stock worth $161,000 after buying an additional 101,000 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Myomo during the 4th quarter worth approximately $148,000. New York State Common Retirement Fund bought a new position in shares of Myomo in the 2nd quarter worth approximately $97,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Myomo in the 1st quarter valued at approximately $75,000. Finally, Engineers Gate Manager LP boosted its position in shares of Myomo by 62.8% during the second quarter. Engineers Gate Manager LP now owns 30,097 shares of the company’s stock valued at $65,000 after purchasing an additional 11,614 shares in the last quarter. Institutional investors own 44.99% of the company’s stock.

About Myomo

Myomo, Inc (NYSE American: MYO) is a medical robotics company specializing in developing and commercializing powered orthotic devices designed to restore mobility and function for individuals with upper-limb weakness. The company’s flagship product, the MyoPro®, is an FDA-cleared, wearable robotic orthosis that leverages proprietary sensors and actuators to detect and amplify users’ own muscle signals, enabling patients with conditions such as stroke, spinal cord injury, muscular dystrophy and other neuromuscular disorders to perform daily activities with greater independence.

Myomo markets the MyoPro through a network of licensed orthotic and prosthetic professionals, clinics and hospitals across North America.