Enovis (NYSE:ENOV) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Enovis (NYSE:ENOV – Get Rating) from a hold rating to a sell rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Enovis Corporation is a medical technology company. Its range of products, services and integrated technologies fuel active lifestyles in orthopedics and beyond. Enovis Corporation, formerly known as Colfax Corporation, is based in Wilmington, DE. “

Shares of ENOV opened at $65.10 on Monday. Enovis has a 12 month low of $59.15 and a 12 month high of $164.01. The firm has a market cap of $3.50 billion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 0.50 and a beta of 2.12. The company has a current ratio of 2.25, a quick ratio of 1.49 and a debt-to-equity ratio of 0.45.

An institutional investor recently bought a new position in Enovis stock. Strs Ohio acquired a new position in shares of Enovis Co. (NYSE:ENOV – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 196,401 shares of the company’s stock, valued at approximately $7,814,000. Strs Ohio owned 0.37% of Enovis at the end of the most recent quarter.

Enovis Company Profile (Get Rating)

Enovis Corporation operates as a medical technology company worldwide. It develops, manufactures, and distributes medical device products used by orthopedic specialists, surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers, and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events, and sports related injuries.

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