Opsens (TSE:OPS) Stock Price Up 11.6% on Analyst Upgrade

Shares of Opsens Inc. (TSE:OPS) shot up 11.6% during trading on Wednesday after Raymond James raised their price target on the stock to C$6.00. Raymond James currently has an outperform rating on the stock. Opsens traded as high as C$3.00 and last traded at C$2.89. 172,390 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 167,173 shares. The stock had previously closed at C$2.59.

Several other research firms also recently commented on OPS. M Partners set a C$2.25 target price on shares of Opsens in a report on Wednesday, July 14th. Royal Bank of Canada restated a “buy” rating and issued a C$3.50 price target on shares of Opsens in a research report on Tuesday.

The business has a 50-day moving average of C$2.57 and a 200-day moving average of C$2.18. The company has a debt-to-equity ratio of 29.99, a quick ratio of 5.85 and a current ratio of 6.75. The stock has a market capitalization of C$321.52 million and a price-to-earnings ratio of 430.00.

Opsens (TSE:OPS) last announced its quarterly earnings data on Tuesday, July 13th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$9.23 million during the quarter, compared to analyst estimates of C$9.20 million. Equities analysts predict that Opsens Inc. will post 0.02 earnings per share for the current fiscal year.

Opsens Company Profile (TSE:OPS)

Opsens Inc develops, manufactures, installs, and sells fiber optic sensors for interventional cardiology, fractional flow reserve (FFR), oil and gas, and industrial applications. The company operates in two segments, Medical and Industrial. The Medical segment primarily focuses on physiological measurement, such as FFR and dPR in the coronary artery stenosis market; and supplies a range of miniature optical sensors to measure pressure and temperature used in integrated applications in other medical devices, as well as licenses its optical sensor technology.

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