BTIG Research Reaffirms “Buy” Rating for Misonix (NASDAQ:MSON)

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BTIG Research restated their buy rating on shares of Misonix (NASDAQ:MSON) in a research note released on Thursday, AnalystRatings.com reports. They currently have a $27.00 target price on the medical equipment provider’s stock.

MSON has been the topic of several other reports. BidaskClub upgraded shares of Misonix from a buy rating to a strong-buy rating in a research report on Wednesday, July 3rd. TheStreet cut shares of Misonix from a c- rating to a d rating in a research report on Thursday, June 20th. ValuEngine cut shares of Misonix from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Canaccord Genuity reiterated a buy rating and issued a $30.00 price target (up from $24.00) on shares of Misonix in a research report on Thursday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $28.33.

Shares of Misonix stock opened at $20.82 on Thursday. The company’s 50-day moving average price is $23.77 and its two-hundred day moving average price is $21.09. Misonix has a 52 week low of $13.19 and a 52 week high of $27.54.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Misonix by 1,741.2% during the 2nd quarter. BlackRock Inc. now owns 463,255 shares of the medical equipment provider’s stock worth $11,776,000 after buying an additional 438,094 shares during the period. Vanguard Group Inc. raised its holdings in Misonix by 36.9% during the 2nd quarter. Vanguard Group Inc. now owns 335,383 shares of the medical equipment provider’s stock worth $8,525,000 after buying an additional 90,416 shares during the period. Renaissance Technologies LLC raised its holdings in Misonix by 0.7% during the 2nd quarter. Renaissance Technologies LLC now owns 228,500 shares of the medical equipment provider’s stock worth $5,808,000 after buying an additional 1,600 shares during the period. Essex Investment Management Co. LLC raised its holdings in Misonix by 17.0% during the 2nd quarter. Essex Investment Management Co. LLC now owns 102,733 shares of the medical equipment provider’s stock worth $2,611,000 after buying an additional 14,959 shares during the period. Finally, Northern Trust Corp raised its holdings in Misonix by 17.4% during the 2nd quarter. Northern Trust Corp now owns 53,849 shares of the medical equipment provider’s stock worth $1,368,000 after buying an additional 7,971 shares during the period. Hedge funds and other institutional investors own 21.02% of the company’s stock.

Misonix Company Profile

Misonix, Inc, together with its subsidiaries, designs, develops, manufactures, and markets therapeutic ultrasonic medical devices in the United States, the Americas, Europe, Middle East, Asia Pacific, Africa, and internationally. The company offers BoneScalpel, an ultrasonic bone cutting and sculpting system for surgical procedures involving the precise cutting of bone while sparing soft tissue; SonaStar, a surgical aspirator that is used to emulsify and remove soft and hard tumors primarily in the neuro and general surgery field; and SonicOne, an ultrasonic cleansing and debridement system, which provides tissue specific debridement and cleansing of wounds and burns for the removal of devitalized tissue and fibrin deposits while sparing viable cells.

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