Modular Medical (NASDAQ:MODD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Modular Medical (NASDAQ:MODD) from a strong sell rating to a sell rating in a report released on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Modular Medical in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Modular Medical Stock Performance

NASDAQ MODD opened at $3.79 on Friday. The firm has a market cap of $30.89 million, a PE ratio of -0.44 and a beta of 0.37. Modular Medical has a one year low of $1.72 and a one year high of $30.00. The firm’s fifty day moving average is $3.38 and its two-hundred day moving average is $5.39.

Modular Medical (NASDAQ:MODD) last announced its earnings results on Friday, August 14th. The company reported ($1.19) EPS for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MODD. 683 Capital Management LLC lifted its position in shares of Modular Medical by 79.4% during the 4th quarter. 683 Capital Management LLC now owns 1,762,103 shares of the company’s stock valued at $642,000 after acquiring an additional 780,000 shares during the period. Bleichroeder LP boosted its stake in shares of Modular Medical by 41.9% during the 4th quarter. Bleichroeder LP now owns 2,859,581 shares of the company’s stock worth $1,041,000 after acquiring an additional 845,000 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Modular Medical by 446.8% in the 4th quarter. Jane Street Group LLC now owns 163,952 shares of the company’s stock worth $60,000 after acquiring an additional 133,969 shares during the period. Perritt Capital Management Inc grew its holdings in shares of Modular Medical by 34.2% in the 3rd quarter. Perritt Capital Management Inc now owns 85,000 shares of the company’s stock worth $59,000 after acquiring an additional 21,675 shares during the period. Finally, AWM Investment Company Inc. increased its stake in Modular Medical by 20.3% in the 2nd quarter. AWM Investment Company Inc. now owns 441,095 shares of the company’s stock valued at $1,985,000 after purchasing an additional 74,429 shares in the last quarter. 27.47% of the stock is currently owned by institutional investors and hedge funds.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.