Modular Medical (OTC:MODD) Trading Down 5.2%

Modular Medical, Inc. (OTC:MODDGet Rating)’s share price dropped 5.2% on Tuesday . The stock traded as low as $4.16 and last traded at $4.18. Approximately 5,219 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 7,165 shares. The stock had previously closed at $4.41.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on Modular Medical in a research report on Friday, April 8th. They issued a “buy” rating and a $11.00 price objective for the company.

Modular Medical Price Performance

The firm has a 50-day moving average of $4.76 and a two-hundred day moving average of $4.30.

About Modular Medical

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Modular Medical, Inc, a development stage medical device company, focuses on the design, development, and commercialization of insulin pumps using technology to enhance pump adoption in the diabetes marketplace. The company is headquartered in San Diego, California.

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