Bovie Medical Co. (NYSEAMERICAN:BVX) shot up 21.1% during mid-day trading on Tuesday . The company traded as high as $2.99 and last traded at $2.81. 552,233 shares were traded during mid-day trading, an increase of 704% from the average session volume of 68,699 shares. The stock had previously closed at $2.32.
Separately, Zacks Investment Research cut shares of Bovie Medical from a “hold” rating to a “sell” rating in a report on Friday, February 9th.
The stock has a market cap of $76.91, a price-to-earnings ratio of -14.50 and a beta of -0.75.
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About Bovie Medical
Bovie Medical Corporation (Bovie) is an energy-based medical device company. The Company is engaged in the design, development and manufacturing of electrosurgical equipment by producing equipment for medical device manufacturers through original equipment manufacturing (OEM) agreements, as well as start-up companies.
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