Summit Asset Management LLC Purchases Shares of 11,500 Stereotaxis Inc (OTCMKTS:STXS)

Summit Asset Management LLC purchased a new stake in Stereotaxis Inc (OTCMKTS:STXS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,500 shares of the medical equipment provider’s stock, valued at approximately $40,000.

Separately, CWM LLC acquired a new position in Stereotaxis in the 3rd quarter valued at approximately $264,000. 20.75% of the stock is currently owned by hedge funds and other institutional investors.

OTCMKTS STXS traded down $0.20 on Tuesday, hitting $3.38. The company’s stock had a trading volume of 93,300 shares, compared to its average volume of 91,019. Stereotaxis Inc has a 1-year low of $1.01 and a 1-year high of $4.75. The company’s 50-day moving average is $3.54 and its 200 day moving average is $2.86.

Separately, ValuEngine cut shares of Stereotaxis from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

About Stereotaxis

Stereotaxis, Inc designs, manufactures, and markets robotic systems and instruments for the treatment of abnormal heart rhythms in the United States and internationally. Its products include Niobe ES robotic system that enables physicians to complete interventional procedures by providing image guided delivery of catheters and guide wires through the blood vessels and chambers of the heart to treatment sites; and Vdrive system, which offers navigation and stability for the diagnostic and therapeutic devices designed to enhance interventional procedures.

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