AxoGen (NASDAQ:AXGN – Get Rating) released its quarterly earnings data on Wednesday. The medical equipment provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05), MarketWatch Earnings reports. AxoGen had a negative return on equity of 25.97% and a negative net margin of 24.98%. During the same period in the previous year, the firm posted ($0.15) earnings per share.
Shares of AXGN stock traded down $0.74 during mid-day trading on Friday, reaching $9.03. The stock had a trading volume of 552,228 shares, compared to its average volume of 284,794. AxoGen has a 12-month low of $6.87 and a 12-month high of $23.94. The company has a market cap of $379.08 million, a P/E ratio of -11.88 and a beta of 0.75. The business has a 50-day simple moving average of $8.07 and a 200 day simple moving average of $9.44. The company has a current ratio of 5.23, a quick ratio of 4.54 and a debt-to-equity ratio of 0.58.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of AxoGen by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,009,148 shares of the medical equipment provider’s stock valued at $28,195,000 after buying an additional 71,950 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of AxoGen by 30.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,593,287 shares of the medical equipment provider’s stock worth $14,929,000 after purchasing an additional 374,221 shares during the last quarter. State Street Corp grew its holdings in shares of AxoGen by 7.8% during the fourth quarter. State Street Corp now owns 1,048,238 shares of the medical equipment provider’s stock worth $9,822,000 after buying an additional 76,213 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of AxoGen by 29.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 790,109 shares of the medical equipment provider’s stock valued at $7,403,000 after buying an additional 180,185 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AxoGen by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 676,988 shares of the medical equipment provider’s stock valued at $6,343,000 after buying an additional 66,916 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.
About AxoGen (Get Rating)
AxoGen, Inc, together with its subsidiaries, develops and markets surgical solutions for physical damage or transection to peripheral nerves. The company's products include Avance Nerve Graft, a biologically active off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed peripheral nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect damaged peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.
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