Misonix (MSON) Gets a Buy Rating from BTIG

By Jason Carr

In a report released today, Ryan Zimmerman from BTIG maintained a Buy rating on Misonix (MSONResearch Report), with a price target of $18.00. The company’s shares closed last Thursday at $10.95.

According to TipRanks.com, Zimmerman is a 4-star analyst with an average return of 10.3% and a 48.1% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Zimmer Biomet Holdings.

Misonix has an analyst consensus of Moderate Buy, with a price target consensus of $20.00.

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The company has a one-year high of $26.23 and a one-year low of $6.71. Currently, Misonix has an average volume of 94.86K.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MSON in relation to earlier this year.

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Misonix, Inc. is a medical device company, which engages in the design, development, manufacture and marketing of therapeutic ultrasonic medical devices. Its products include the bonescalpel cutting system, which is used for surgical procedures of the spine and on maxillofacial procedures; the sonastar surgical aspirator, which is used to emulsify and remove soft and hard tumors; the sonicone wound cleansing and debridement system, which offers tissue specific debridement and cleansing of wounds for effective removal of devitalized tissue and fibrin deposits while sparing viable cells. The company’s ultrasonic medical devices are used in the following surgeries: spine, neuro, orthopedic, wound debridement, cosmetic, laparoscopic, and medical applications. The company was founded by Howard Alliger in 1959 and is headquartered in Farmingdale, NY.