RTI Surgical (RTIX) Stock Rating Upgraded by BidaskClub

RTI Surgical (NASDAQ:RTIX) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

RTI Surgical (NASDAQ:RTIX) opened at $4.45 on Wednesday. The stock has a market capitalization of $270.70, a P/E ratio of -63.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 3.34 and a debt-to-equity ratio of 0.25. RTI Surgical has a fifty-two week low of $3.42 and a fifty-two week high of $6.00.

A number of large investors have recently made changes to their positions in RTIX. Millennium Management LLC boosted its holdings in RTI Surgical by 101.8% in the fourth quarter. Millennium Management LLC now owns 591,647 shares of the medical equipment provider’s stock worth $2,426,000 after acquiring an additional 298,508 shares in the last quarter. Foundry Partners LLC boosted its holdings in RTI Surgical by 35.8% in the fourth quarter. Foundry Partners LLC now owns 1,107,745 shares of the medical equipment provider’s stock worth $4,542,000 after acquiring an additional 292,320 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in RTI Surgical by 69.0% in the fourth quarter. Allianz Asset Management GmbH now owns 398,085 shares of the medical equipment provider’s stock worth $1,632,000 after acquiring an additional 162,525 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in RTI Surgical by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,056,932 shares of the medical equipment provider’s stock worth $23,733,000 after acquiring an additional 156,901 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its holdings in RTI Surgical by 2.3% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 5,930,217 shares of the medical equipment provider’s stock worth $24,314,000 after acquiring an additional 131,052 shares in the last quarter. Institutional investors and hedge funds own 59.83% of the company’s stock.

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RTI Surgical Company Profile

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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