Baird Medical Investment (NASDAQ:BDMD) Shares Up 6.9% – Time to Buy?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD) shares rose 6.9% during mid-day trading on Wednesday . The stock traded as high as $1.12 and last traded at $1.09. Approximately 132,910 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 120,300 shares. The stock had previously closed at $1.02.

Analysts Set New Price Targets

A number of research analysts have issued reports on BDMD shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Baird Medical Investment from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Baird Medical Investment presently has a consensus rating of “Sell”.

Baird Medical Investment Stock Up 6.9%

The business’s fifty day moving average is $1.35 and its 200-day moving average is $1.80.

Institutional Trading of Baird Medical Investment

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in Baird Medical Investment by 59.7% during the 2nd quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after purchasing an additional 9,511 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Baird Medical Investment in the 2nd quarter valued at about $142,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Baird Medical Investment in the third quarter valued at about $99,000. Institutional investors own 19.78% of the company’s stock.

About Baird Medical Investment

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.