Heatwurx (NASDAQ:PCSA) Stock Price Up 0.2% – Here’s What Happened

Heatwurx Inc. (NASDAQ:PCSA) traded up 0.2% during mid-day trading on Tuesday. The stock traded as high as $1.59 and last traded at $1.4930. Approximately 17,944 shares traded hands during trading, a decline of 35% from the average session volume of 27,698 shares. The stock had previously closed at $1.49.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heatwurx in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Heatwurx Stock Performance

The stock has a market cap of $3.74 million, a price-to-earnings ratio of -0.32 and a beta of 1.20. The company’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.33.

Heatwurx (NASDAQ:PCSA) last issued its quarterly earnings results on Friday, August 14th. The company reported ($1.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.19).

About Heatwurx

Heatwurx is an asphalt pavement maintenance technology company that develops and markets infrared-based repair systems. Its technology uses controlled heat to soften existing asphalt and enable repairs that integrate new and reclaimed pavement material with the surrounding surface.

The company’s products are designed for applications such as pothole repair, pavement seams, utility cuts, overlays and other localized roadway defects. Heatwurx systems are intended for use by paving contractors, municipalities and other organizations responsible for maintaining asphalt surfaces, with an emphasis on extending pavement life and reducing the need for extensive removal and replacement.

Publicly available information about Heatwurx’s ownership, leadership and geographic operations is limited.