According to Zacks, “Biolaw Technology, Inc. is the world’s leading dental laser company, is a medical technology company that develops, manufactures and markets lasers and related products focused on technologies that advance the practice of dentistry and medicine. The Company’s products incorporate patented and patent pending technologies designed to provide clinically superior performance with less pain and faster recovery times. BIOLASE’s principal products are dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. Other products under development address ophthalmology and other medical and consumer markets. “
Several other analysts also recently issued reports on the company. Benchmark started coverage on BIOLASE in a research note on Wednesday, June 19th. They issued a speculative buy rating and a $2.00 price target on the stock. Dougherty & Co reissued a buy rating on shares of Iteris in a research note on Tuesday, April 30th.
Shares of BIOLASE stock opened at $1.73 on Wednesday. BIOLASE has a 12 month low of $0.91 and a 12 month high of $2.87. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.11 and a current ratio of 1.91. The business’s fifty day simple moving average is $1.63.
BIOLASE (NASDAQ:BIOL) last issued its quarterly earnings data on Thursday, May 9th. The medical technology company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.05. BIOLASE had a negative return on equity of 120.91% and a negative net margin of 46.05%. The business had revenue of $10.33 million for the quarter, compared to the consensus estimate of $10.52 million. On average, analysts expect that BIOLASE will post -0.59 EPS for the current year.
In other BIOLASE news, major shareholder Larry N. Feinberg sold 1,000,000 shares of BIOLASE stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $1.50, for a total value of $1,500,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.50% of the company’s stock.
BIOLASE, Inc, a medical device company, develops, manufactures, markets, and sells laser systems in dentistry and medicine for patients and health care professionals in the worldwide. The company offers Waterlase all-tissue dental laser systems for cutting soft and hard tissues; and diode laser systems to perform soft tissue, pain therapy, and cosmetic procedures, including teeth whitening.
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