Titan Medical (NASDAQ:TMDIF) Trading 3.4% Higher – Still a Buy?

Shares of Titan Medical Inc. (NASDAQ:TMDIF) traded up 3.4% on Friday . The company traded as high as $0.3199 and last traded at $0.28. 44,537 shares traded hands during trading, a decline of 40% from the average session volume of 74,785 shares. The stock had previously closed at $0.2709.

Titan Medical Stock Up 3.4%

The stock has a market cap of $31.93 million, a price-to-earnings ratio of -0.22 and a beta of 1.26. The stock has a 50 day simple moving average of $0.31 and a 200 day simple moving average of $0.37.

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.