Neovasc (NVCN) Shares Gap Down to $0.48

Shares of Neovasc Inc (NASDAQ:NVCN) (TSE:NVC) gapped down before the market opened on Thursday . The stock had previously closed at $0.51, but opened at $0.48. Neovasc shares last traded at $0.46, with a volume of 14817 shares.

NVCN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Neovasc from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, November 21st. ValuEngine downgraded Neovasc from a “buy” rating to a “hold” rating in a report on Monday, February 4th.

The firm has a market capitalization of $14.80 million, a P/E ratio of -0.01 and a beta of 1.62.

A hedge fund recently bought a new stake in Neovasc stock. Virtu Financial LLC purchased a new stake in Neovasc Inc (NASDAQ:NVCN) (TSE:NVC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 63,055 shares of the medical equipment provider’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.27% of Neovasc at the end of the most recent quarter. 10.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Neovasc (NASDAQ:NVCN)

Neovasc Inc, a specialty medical device company, develops, manufactures, and markets cardiovascular devices worldwide. Its products include the Tiara technology for the transcatheter treatment of mitral valve disease; and the Neovasc Reducer for the treatment of refractory angina. The company also provides Peripatch tissue products.

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