Titan Medical (TMDI) to Release Quarterly Earnings on Thursday

Titan Medical (NASDAQ:TMDIGet Rating) is scheduled to be issuing its earnings data before the market opens on Thursday, August 11th.

Titan Medical (NASDAQ:TMDIGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). On average, analysts expect Titan Medical to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Titan Medical Trading Down 2.5 %

TMDI stock opened at $0.54 on Thursday. The firm has a 50 day moving average of $0.52 and a 200-day moving average of $0.53. Titan Medical has a 12-month low of $0.38 and a 12-month high of $1.78. The company has a market cap of $60.15 million, a price-to-earnings ratio of -6.01 and a beta of 2.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Titan Medical stock. JPMorgan Chase & Co. increased its stake in shares of Titan Medical Inc. (NASDAQ:TMDIGet Rating) by 70.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,600 shares of the company’s stock after purchasing an additional 52,500 shares during the period. JPMorgan Chase & Co. owned 0.11% of Titan Medical worth $67,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 3.69% of the company’s stock.

Titan Medical Company Profile

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Titan Medical Inc, a medical technology company, focuses on the development and commercialization of robotic assisted surgical technologies for application in minimally invasive surgery. It is developing the Enos system, a robotic single access surgical system that includes a surgeon-controlled patient cart comprising a 3D high-definition vision system and multi-articulating instruments for performing surgical procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient's body during surgical procedures.

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Earnings History for Titan Medical (NASDAQ:TMDI)

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