Modular Medical (NASDAQ:MODD) Stock Price Up 2.2%

Modular Medical, Inc. (NASDAQ:MODDGet Free Report)’s share price rose 2.2% on Wednesday . The stock traded as high as $1.63 and last traded at $1.61. Approximately 14,937 shares changed hands during trading, a decline of 90% from the average daily volume of 148,873 shares. The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “speculative buy” rating and set a $5.00 target price on shares of Modular Medical in a research report on Thursday, March 21st.

Check Out Our Latest Report on Modular Medical

Modular Medical Stock Up 2.2 %

The stock has a market capitalization of $35.15 million, a price-to-earnings ratio of -1.65 and a beta of 0.52. The stock’s 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.68.

Hedge Funds Weigh In On Modular Medical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Navigation Wealth Management Inc. bought a new position in shares of Modular Medical in the first quarter worth about $34,000. Perritt Capital Management Inc. bought a new position in shares of Modular Medical in the third quarter worth about $46,000. Finally, AWM Investment Company Inc. bought a new position in shares of Modular Medical in the first quarter worth about $1,388,000. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Modular Medical Company Profile

(Get Free Report)

Modular Medical, Inc operates as a development stage medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for diabetes. The company was founded in 1998 and is headquartered in San Diego, California.

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