Titan Medical (NASDAQ:TMDIF) Shares Down 2.2% – Should You Sell?

Titan Medical Inc. (NASDAQ:TMDIF)’s share price was down 2.2% on Tuesday . The company traded as low as $0.33 and last traded at $0.33. Approximately 12,703 shares were traded during trading, a decline of 83% from the average daily volume of 74,785 shares. The stock had previously closed at $0.3374.

Titan Medical Trading Down 2.2%

The firm has a market cap of $37.63 million, a price-to-earnings ratio of -0.26 and a beta of 1.26. The stock has a 50-day moving average of $0.36 and a 200-day moving average of $0.38.

About Titan Medical

Titan Medical Inc is a Canadian medical device company focused on the design, development and future commercialization of a single-port robotic surgical system. The company’s flagship platform, the Sport™ Surgical System, is engineered to provide surgeons with a minimally invasive solution that utilizes a single access point. By integrating multi-articulated instruments with three-dimensional high-definition visualization, Titan Medical aims to offer enhanced dexterity, precision and ergonomics compared with traditional multi-port robotic systems.

The Sport Surgical System is being developed to address a range of procedures across urology, gynecology and general surgery.