Titan Medical (NASDAQ:TMDIF) Shares Up 5.2% – Time to Buy?

Titan Medical Inc. (NASDAQ:TMDIF) shot up 5.2% during trading on Tuesday . The company traded as high as $0.3017 and last traded at $0.2909. 30,727 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 74,785 shares. The stock had previously closed at $0.2765.

Titan Medical Stock Up 5.2%

The stock’s 50-day simple moving average is $0.30 and its 200 day simple moving average is $0.36. The company has a market cap of $33.17 million, a price-to-earnings ratio of -0.23 and a beta of 1.26.

Titan Medical Company Profile

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.