Trimedyne, Inc. (OTCMKTS:TMED – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.85 and traded as high as $30.24. Trimedyne shares last traded at $30.13, with a volume of 2,910 shares changing hands.
Trimedyne Stock Performance
The business’s 50 day moving average price is $29.85 and its two-hundred day moving average price is $27.47. The company has a market capitalization of $16.57 million, a price-to-earnings ratio of -22.15 and a beta of 1.62.
About Trimedyne
Trimedyne, Inc manufactures and sells lasers, and disposable and reusable fiber-optic laser devices for use in the medical field. It offers lasers, fibers, needles, and switch tips for use in orthopedics, urology, ear and nose surgery, throat surgery, gynecology, gastrointestinal surgery, general surgery, and other medical specialties. The company also provides 80 watt and 30 watt holmium lasers, and side firing laser needles to treat herniated or ruptured spinal discs. In addition, it engages in the provision of services, and rental of lasers and other medical equipment to hospitals and surgery centers on a fee-per-case basis.
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