The stock is trading at $53.84 which is slightly above $49.63, the 50 day moving average and a great deal higher than the 200 day moving average of $40.66. The 50 day moving average moved up $4.21 and the 200 day average moved up $13.18. (NASDAQ:MZOR) shares saw light trading volume with 656K shares changing hands by the end of trading on Tuesday. Overall, volume was down 4.39% under the stocks normal daily volume.
Traders are a little more bearish of late considering the uptick in short interest. The company saw a rise in short interest of 14.02% between September 15, 2017 and September 29, 2017. Short shares increased 249,326 over that timeframe. With short interest at 2,028,187 and short average daily volume at 457,044, days to cover is 4.0 and the percentage of shorted shares was 0.08% on September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Ubs Group Ag had sold a total of 12,931 shares trimming its position 28.0%. The value of the total investment in Mazor Robotics Ltd. – American decreased from $1,374,000 to $1,149,000 decreasing 16.4% quarter over quarter. Cutler Group LP divested its holdings by shedding 5,600 shares a decrease of 36.6% as of 09/30/2017. Cutler Group LP claims 9,700 shares worth $16,000. The value of the position overall is down by 59.0%.
As of quarter end Nepsis Capital Management, Inc. had disposed of 23,756 shares trimming its holdings by 14.0%. The value of the investment in Mazor Robotics Ltd. – American went from $5,873,000 to $7,212,000 a change of $1,339,000 since the last quarter. Bank Of Montreal /can/ trimmed its investment by selling 100 shares a decrease of 0.3% in the quarter. Bank Of Montreal /can/ now controls 29,200 shares valued at $1,442,000. The total value of its holdings increased 42.3%.
On October 19 the stock rating was downgraded to “Underweight” from “Overweight” in an announcement from Barclays.
In the latest earnings report the EPS was $-0.78 and is projected to be $-0.77 for the current year with 24,113,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.14 and the next full year EPS is anticipated to be $-0.31.
Mazor Robotics Ltd., together with its subsidiaries, engages in the development, production, marketing, and servicing of medical devices for supporting surgical procedures in the fields of orthopedics and neurosurgery in the United States and internationally. The company operates in the field of image guided surgery and computer assisted surgery that enables the use of surgical instruments with high precision and minimal invasiveness. It offers Renaissance surgical guidance system that transforms spine surgery from freehand procedures to guided procedures. The company was formerly known as Mazor Surgical Technologies Ltd. and changed its name to Mazor Robotics Ltd. in 2010. Mazor Robotics Ltd. was founded in 2000 and is based in Caesarea, Israel..