Nanosonics (OTCMKTS:NNCSF) Trading Up 15.4% – Time to Buy?

Nanosonics Limited (OTCMKTS:NNCSF)’s stock price traded up 15.4% during trading on Thursday . The stock traded as high as $3.00 and last traded at $3.00. 1,100 shares were traded during mid-day trading, an increase of 53% from the average session volume of 717 shares. The stock had previously closed at $2.60.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded shares of Nanosonics from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nanosonics currently has an average rating of “Hold”.

Nanosonics Stock Up 15.4%

The business has a fifty day simple moving average of $2.71 and a 200-day simple moving average of $2.71.

Nanosonics Company Profile

Nanosonics Limited is an Australia‐based medical technology company specializing in infection prevention solutions for the healthcare sector. Founded in 2001 and headquartered in Sydney, the company is best known for developing and commercializing its proprietary Trophon platform, which provides automated high‐level disinfection of ultrasound probes using sonically activated hydrogen peroxide vapor. Nanosonics holds numerous patents and regulatory approvals across multiple jurisdictions, positioning it as a leader in point‐of‐care decontamination.

The company’s flagship product, Trophon EPR, is designed to address the critical need for rapid, reliable disinfection of endocavity and surface ultrasound transducers.