RTI Surgical (NASDAQ:RTIX) Rating Increased to Sell at BidaskClub

RTI Surgical (NASDAQ:RTIX) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, January 6th.

Separately, Zacks Investment Research upgraded shares of RTI Surgical from a “sell” rating to a “hold” rating in a research report on Friday, October 13th.

RTI Surgical (NASDAQ:RTIX) traded down $0.15 during midday trading on Friday, hitting $4.40. 151,333 shares of the stock traded hands, compared to its average volume of 172,645. RTI Surgical has a 12-month low of $3.01 and a 12-month high of $6.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.21 and a current ratio of 3.34. The company has a market cap of $261.84, a price-to-earnings ratio of -62.86, a price-to-earnings-growth ratio of 2.02 and a beta of 1.76.

RTI Surgical (NASDAQ:RTIX) last posted its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The firm had revenue of $66.69 million during the quarter, compared to analyst estimates of $65.63 million. RTI Surgical had a net margin of 1.01% and a return on equity of 2.29%. The company’s revenue was up .2% on a year-over-year basis. equities analysts forecast that RTI Surgical will post 0.05 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in shares of RTI Surgical by 2,850.1% in the second quarter. Citigroup Inc. now owns 21,152 shares of the medical equipment provider’s stock worth $124,000 after buying an additional 20,435 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of RTI Surgical in the third quarter worth about $111,000. Thompson Davis & CO. Inc. lifted its holdings in shares of RTI Surgical by 138.8% in the second quarter. Thompson Davis & CO. Inc. now owns 25,077 shares of the medical equipment provider’s stock worth $147,000 after buying an additional 14,577 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of RTI Surgical by 85.7% in the third quarter. Citadel Advisors LLC now owns 26,786 shares of the medical equipment provider’s stock worth $122,000 after buying an additional 12,361 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of RTI Surgical in the second quarter worth about $183,000. 69.90% of the stock is currently owned by institutional investors and hedge funds.

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About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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