Microbot Medical Inc (NASDAQ:MBOT)’s share price traded down 0% during mid-day trading on Wednesday . The stock traded as low as $0.75 and last traded at $0.89. 432,889 shares were traded during mid-day trading, a decline of 55% from the average session volume of 960,488 shares. The stock had previously closed at $0.89.
Several equities analysts have issued reports on the stock. Ladenburg Thalmann Financial Services assumed coverage on shares of Microbot Medical in a report on Wednesday, January 31st. They issued a “buy” rating and a $1.75 price target on the stock. ValuEngine raised shares of Microbot Medical from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
In other news, Director Yoseph Bornstein sold 45,000 shares of Microbot Medical stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $1.21, for a total transaction of $54,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 272,990 shares of company stock valued at $291,894 over the last quarter. Insiders own 31.83% of the company’s stock.
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About Microbot Medical
Microbot Medical Inc, formerly StemCells, Inc, is a medical device company. The Company specializes in the researching, designing, developing and commercializing transformational micro-robotic medical technologies leveraging the artificial and natural lumens within the human body. It is engaged in developing its two product candidates: the Self Cleaning Shunt (SCS) for the treatment of hydrocephalus and normal pressure hydrocephalus (NPH), and TipCAT, a self-propelling, semi-disposable endoscope that the Company is developing for use in colonoscopy procedures.
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