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Profound Medical (TSE:PRN) Trading Up 0.1% - Time to Buy?

Profound Medical logo with Medical background

Profound Medical Corp. (TSE:PRN - Get Free Report)'s stock price rose 0.1% on Tuesday . The company traded as high as C$12.00 and last traded at C$11.71. Approximately 7,128 shares changed hands during trading, a decline of 0% from the average daily volume of 7,141 shares. The stock had previously closed at C$11.70.

Analyst Ratings Changes

Separately, Raymond James raised shares of Profound Medical to a "strong-buy" rating in a research note on Saturday, November 9th.

Get Our Latest Report on Profound Medical

Profound Medical Price Performance

The company has a quick ratio of 14.98, a current ratio of 8.61 and a debt-to-equity ratio of 16.95. The stock has a market capitalization of C$282.74 million, a PE ratio of -6.96 and a beta of 0.81. The stock's 50-day moving average is C$10.78 and its 200 day moving average is C$11.61.

About Profound Medical

(Get Free Report)

Profound Medical Corp., together with its subsidiaries, operates as a commercial-stage medical device company that develops and markets incision-free therapeutic systems for the image guided ablation of diseased tissue in Canada, Germany, the United States, and Finland. Its lead product TULSA-PRO system combines magnetic resonance imaging(MRI), robotically-driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to provide precise, flexible, and durable ablation of a surgeon defined region of prostate and protect the urethra and rectum.

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