OrthoPediatrics Corp. (NASDAQ:KIDS - Get Free Report)'s stock price was down 4.2% during mid-day trading on Tuesday . The company traded as low as $23.39 and last traded at $23.96. Approximately 60,941 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 275,512 shares. The stock had previously closed at $25.00.
Wall Street Analyst Weigh In
Several brokerages have recently commented on KIDS. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price target on shares of OrthoPediatrics in a research report on Tuesday. Truist Financial decreased their target price on OrthoPediatrics from $28.00 to $25.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th.
View Our Latest Stock Report on KIDS
OrthoPediatrics Trading Down 5.8 %
The company has a quick ratio of 3.68, a current ratio of 7.17 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average is $24.20 and its two-hundred day moving average is $27.41. The stock has a market cap of $570.29 million, a price-to-earnings ratio of -19.15 and a beta of 1.14.
Institutional Trading of OrthoPediatrics
Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in shares of OrthoPediatrics by 1.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 251,588 shares of the company's stock valued at $5,832,000 after buying an additional 4,728 shares during the last quarter. Barclays PLC boosted its position in OrthoPediatrics by 319.3% during the 3rd quarter. Barclays PLC now owns 25,298 shares of the company's stock worth $686,000 after acquiring an additional 19,264 shares during the period. Geode Capital Management LLC grew its stake in shares of OrthoPediatrics by 2.1% in the third quarter. Geode Capital Management LLC now owns 391,492 shares of the company's stock worth $10,615,000 after purchasing an additional 7,972 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of OrthoPediatrics by 16.2% during the third quarter. Wellington Management Group LLP now owns 883,221 shares of the company's stock valued at $23,944,000 after purchasing an additional 122,846 shares during the period. Finally, State Street Corp raised its stake in shares of OrthoPediatrics by 1.0% during the third quarter. State Street Corp now owns 417,898 shares of the company's stock valued at $11,329,000 after purchasing an additional 4,236 shares in the last quarter. 69.05% of the stock is currently owned by institutional investors.
About OrthoPediatrics
(
Get Free Report)
OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.
Featured Stories
Before you consider OrthoPediatrics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OrthoPediatrics wasn't on the list.
While OrthoPediatrics currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
