BidaskClub Lowers RTI Surgical (RTIX) to Sell

RTI Surgical (NASDAQ:RTIX) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, December 5th.

Separately, Zacks Investment Research lowered shares of RTI Surgical from a “hold” rating to a “sell” rating in a report on Thursday, October 5th.

RTI Surgical (RTIX) traded down $0.15 during mid-day trading on Tuesday, reaching $4.10. 892,589 shares of the company’s stock traded hands, compared to its average volume of 147,036. The company has a current ratio of 3.34, a quick ratio of 1.21 and a debt-to-equity ratio of 0.25. RTI Surgical has a 52-week low of $3.01 and a 52-week high of $6.00. The company has a market cap of $258.54, a price-to-earnings ratio of -58.57, a P/E/G ratio of 5.31 and a beta of 1.76.

RTI Surgical (NASDAQ:RTIX) last posted its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. RTI Surgical had a net margin of 1.01% and a return on equity of 2.29%. The company had revenue of $66.69 million for the quarter, compared to the consensus estimate of $65.63 million. RTI Surgical’s revenue was up .2% on a year-over-year basis. equities research analysts forecast that RTI Surgical will post 0.05 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Cigna Investments Inc. New bought a new stake in RTI Surgical during the 2nd quarter valued at $105,000. Citigroup Inc. boosted its holdings in RTI Surgical by 2,850.1% during the 2nd quarter. Citigroup Inc. now owns 21,152 shares of the medical equipment provider’s stock worth $124,000 after acquiring an additional 20,435 shares during the last quarter. Prudential Financial Inc. purchased a new position in RTI Surgical during the 3rd quarter worth $111,000. Thompson Davis & CO. Inc. boosted its holdings in RTI Surgical by 138.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 25,077 shares of the medical equipment provider’s stock worth $147,000 after acquiring an additional 14,577 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in RTI Surgical by 85.7% during the 3rd quarter. Citadel Advisors LLC now owns 26,786 shares of the medical equipment provider’s stock worth $122,000 after acquiring an additional 12,361 shares during the last quarter. Institutional investors own 69.90% of the company’s stock.

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About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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