ConforMIS Inc (CFMS) was Initiated by SunTrust to “Buy”. SunTrust advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on ConforMIS Inc. ConforMIS Inc was Initiated by SunTrust to “Buy” on Sep 19, 2016.
On the company’s financial health, ConforMIS Inc reported $-0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.36. The company had revenue of $19.30 million for the quarter, compared to analysts expectations of $18.03 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-2.51 EPS.
ConforMIS Inc opened for trading at $8.75 and hit $9.83 on the upside on Friday, eventually ending the session at $9.67, with a gain of 12.31% or 1.06 points. The heightened volatility saw the trading volume jump to 1,626,888 shares. Company has a market cap of $407 M.
In a different news, on Sep 16, 2016, Daniel Steines (Chief Technology Officer) sold 30,000 shares at $8.86 per share price. According to the SEC, on Aug 19, 2016, Kenneth P Iii Fallon (director) sold 4,000 shares at $8.44 per share price.
ConforMIS Inc. is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop manufacture and sell joint replacement implants that are individually sized and shaped to fit each patient’s anatomy. It is engaged in offering a line of customized knee implants designed to restore the natural shape of a patient’s knee. The Company has sold over 30000 knee implants in the United States and Europe. It also launched iTotal PS the Companys posterior-stabilized total knee replacement implant which addresses the largest segment of the knee replacement market. The Companys products are available in the United States Germany and the United Kingdom. Its products are offered to orthopedic surgeons hospitals and other medical facilities and patients. The Companys iFit technology platform includes three elements: iFit Design iFit Printing and iFit Just-in-Time Delivery.