Other equities analysts have also recently issued research reports about the company. ValuEngine cut Silk Road Medical from a buy rating to a hold rating in a report on Saturday, December 21st. Zacks Investment Research cut Silk Road Medical from a hold rating to a sell rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Silk Road Medical presently has a consensus rating of Hold and a consensus target price of $43.50.
Shares of SILK opened at $47.11 on Tuesday. Silk Road Medical has a 12-month low of $27.83 and a 12-month high of $51.50. The business has a 50-day simple moving average of $43.26 and a two-hundred day simple moving average of $38.26. The company has a quick ratio of 9.86, a current ratio of 10.61 and a debt-to-equity ratio of 0.58.
Several hedge funds have recently modified their holdings of the company. Horan Securities Inc. bought a new stake in shares of Silk Road Medical during the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its position in shares of Silk Road Medical by 83.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,024 shares of the company’s stock valued at $41,000 after purchasing an additional 466 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Silk Road Medical during the 4th quarter valued at about $41,000. Great West Life Assurance Co. Can bought a new stake in shares of Silk Road Medical during the 4th quarter valued at about $51,000. Finally, Royal Bank of Canada bought a new stake in shares of Silk Road Medical during the 2nd quarter valued at about $79,000. 87.83% of the stock is owned by institutional investors.
About Silk Road Medical
Silk Road Medical, Inc operates as a medical device company in the United States. It offers ENROUTE Transcarotid Neuroprotection System that is used to directly access the common carotid artery and initiate temporary blood flow reversal; ENROUTE Transcarotid Stent System, a self-expanding, self-tapering stent with clinical data regarding lasting safety outcomes; ENHANCE Transcarotid Peripheral Access Kit for use in gaining initial access to the common carotid artery; and ENROUTE 0.014 Guidewire for navigating and crossing the target lesion for delivery of interventional devices.
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