Helius Medical Technologies (NASDAQ:HSDT) Cut to Hold at Zacks Investment Research

Helius Clinical Technologies (NASDAQ:HSDT – Get Rating) was downgraded by Zacks Investment decision Exploration from a “buy” score to a “hold” ranking in a research note issued on Friday, Zacks.com studies.

In accordance to Zacks, “Helius Health care Technologies Inc. is a specialty health-related unit company. It is focused on the improvement and regulatory approval of its non-invasive neurostimulation system referred to as PoNS. The Organization is nearing scientific trials for stability conditions in TBI patients and for the cure of MS. Helius Health care Technologies, Inc. is dependent in Newtown, Pennsylvania. “

Helius Health care Technologies inventory traded down $.04 during buying and selling several hours on Friday, hitting $1.44. The firm had a investing quantity of 25,224 shares, in contrast to its common volume of 20,472. The business has a market place cap of $5.47 million, a PE ratio of -.20 and a beta of .82. Helius Clinical Systems has a 1 yr small of $1.31 and a a person yr superior of $17.26. The organization has a 50-day going average of $2.81 and a 200 working day transferring common of $4.62.

Helius Health-related Technologies (NASDAQ:HSDT – Get Rating) past announced its earnings benefits on Thursday, May possibly 12th. The firm reported ($1.15) EPS for the quarter, missing the consensus estimate of ($1.13) by ($.02). Helius Clinical Technologies had a adverse return on equity of 240.53% and a detrimental web margin of 3,043.95%. All through the very same quarter in the prior 12 months, the organization attained ($1.65) EPS. Equities analysts be expecting that Helius Clinical Systems will write-up -4.18 earnings for every share for the present calendar year.

Institutional buyers and hedge cash have recently made alterations to their positions in the company. Altium Capital Management LP acquired a new placement in shares of Helius Clinical Systems throughout the fourth quarter value around $254,000. ACT Cash L.L.C. enhanced its stake in Helius Health-related Systems by 19.3% in the 3rd quarter. ACT Funds L.L.C. now owns 70,616 shares of the company’s inventory valued at $1,017,000 right after attaining an further 11,430 shares through the very last quarter. Kepos Funds LP enhanced its stake in Helius Medical Technologies by 296.4% in the fourth quarter. Kepos Cash LP now owns 100,304 shares of the company’s stock valued at $521,000 immediately after acquiring an extra 75,000 shares for the duration of the last quarter. Ultimately, AIGH Money Management LLC bought a new place in Helius Healthcare Technologies in the fourth quarter valued at approximately $1,298,000. 29.74% of the inventory is currently owned by institutional investors.

Helius Medical Systems Corporation Profile (Get Ranking)

Helius Health care Systems, Inc, a neurotechnology corporation, focuses on building, licensing, and getting non-invasive systems for the cure of signs and symptoms brought on by neurological condition or trauma. Its products, Transportable Neuromodulation Stimulator (PoNS), is a non-surgical health care product meant for use as a brief expression treatment of gait deficit due to symptoms from multiple sclerosis and equilibrium deficit because of to delicate-to-average traumatic brain damage, as nicely as to be utilised in conjunction with supervised therapeutic workout.

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