Baird Medical Investment (NASDAQ:BDMD) Trading 0.7% Higher – Still a Buy?

Shares of Baird Medical Investment Holdings Limited (NASDAQ:BDMD) shot up 0.7% during trading on Friday . The company traded as high as $1.44 and last traded at $1.40. 178,756 shares were traded during trading, an increase of 47% from the average session volume of 121,344 shares. The stock had previously closed at $1.39.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a report on Thursday, October 30th. Wall Street Zen raised shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Baird Medical Investment Stock Performance

The business’s 50-day simple moving average is $1.43 and its two-hundred day simple moving average is $2.59.

Institutional Trading of Baird Medical Investment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BDMD. Geode Capital Management LLC raised its holdings in Baird Medical Investment by 59.7% in the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock valued at $93,000 after acquiring an additional 9,511 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Baird Medical Investment during the third quarter worth $99,000. XTX Topco Ltd purchased a new position in Baird Medical Investment in the first quarter valued at $111,000. Finally, Jane Street Group LLC acquired a new position in shares of Baird Medical Investment during the 2nd quarter worth about $142,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.

Baird Medical Investment Company Profile

Baird Medical Investment Holdings Ltd. is a medical technology company, which engages in the development and provision of medical devices. It is also involved in the design, development, manufacturing, and sale of microwave ablation medical devices, as well as sale of other medical devices. The company was founded on June 16, 2023 and is headquartered in Guangzhou, China.