Amedica (AMDA) Downgraded by ValuEngine

ValuEngine lowered shares of Amedica (NASDAQ:AMDA) from a hold rating to a sell rating in a report released on Friday.

A number of other equities research analysts have also recently commented on AMDA. Maxim Group cut Amedica from a buy rating to a hold rating in a research note on Monday, September 25th. Ladenburg Thalmann Financial Services cut Amedica from a buy rating to a neutral rating in a research note on Monday, November 27th.

Shares of Amedica (AMDA) opened at $3.33 on Friday. Amedica has a 12-month low of $2.95 and a 12-month high of $9.24.

Amedica (NASDAQ:AMDA) last issued its quarterly earnings data on Tuesday, November 21st. The medical equipment provider reported ($0.93) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.01. Amedica had a negative return on equity of 77.71% and a negative net margin of 87.49%. The company had revenue of $2.96 million for the quarter. sell-side analysts expect that Amedica will post -5.64 EPS for the current year.

A hedge fund recently raised its stake in Amedica stock. Vanguard Group Inc. raised its holdings in Amedica Co. (NASDAQ:AMDA) by 7.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 595,866 shares of the medical equipment provider’s stock after buying an additional 39,603 shares during the quarter. Vanguard Group Inc. owned about 2.26% of Amedica worth $226,000 at the end of the most recent reporting period. 63.60% of the stock is owned by hedge funds and other institutional investors.

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About Amedica

Amedica Corporation is a commercial biomaterial company. The Company is a vertically integrated silicon nitride orthopedic medical device manufacturer. It is focused on using its silicon nitride ceramic technology platform to develop, manufacture and sell a range of medical devices. It is also engaged in developing wear- and corrosion-resistant implant components for hip and knee arthroplasty.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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