RTI Surgical (NASDAQ:RTIX) Rating Increased to Sell at BidaskClub

RTI Surgical (NASDAQ:RTIX) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, January 6th.

Separately, Zacks Investment Research upgraded shares of RTI Surgical from a “sell” rating to a “hold” rating in a research note on Friday, October 13th.

Shares of RTI Surgical (NASDAQ RTIX) opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.34 and a quick ratio of 1.21. RTI Surgical has a 1 year low of $3.01 and a 1 year high of $6.00. The company has a market cap of $267.66, a P/E ratio of -64.29, a price-to-earnings-growth ratio of 1.96 and a beta of 1.76.

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

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of RTI Surgical by 2.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 87,767 shares of the medical equipment provider’s stock worth $513,000 after acquiring an additional 1,782 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of RTI Surgical by 1.1% during the 2nd quarter. Victory Capital Management Inc. now owns 220,569 shares of the medical equipment provider’s stock worth $1,290,000 after acquiring an additional 2,295 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of RTI Surgical by 12.1% during the 2nd quarter. Voya Investment Management LLC now owns 40,247 shares of the medical equipment provider’s stock worth $235,000 after acquiring an additional 4,356 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of RTI Surgical by 16.3% during the 2nd quarter. Federated Investors Inc. PA now owns 43,245 shares of the medical equipment provider’s stock worth $253,000 after acquiring an additional 6,065 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of RTI Surgical by 11.2% during the 2nd quarter. Alliancebernstein L.P. now owns 65,649 shares of the medical equipment provider’s stock worth $384,000 after acquiring an additional 6,600 shares during the last quarter. Institutional investors and hedge funds own 69.90% of the company’s stock.

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RTI Surgical Company Profile

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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