Profound Medical (TSE:PRN) Trading 0.8% Higher

Shares of Profound Medical Corp. (TSE:PRNGet Rating) traded up 0.8% during trading on Thursday . The company traded as high as C$9.52 and last traded at C$9.37. 16,234 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 51,556 shares. The stock had previously closed at C$9.30.

Separately, Raymond James reiterated a “buy” rating and set a C$23.00 price objective on shares of Profound Medical in a research note on Tuesday, February 22nd.

The company has a quick ratio of 16.50, a current ratio of 18.56 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average price is C$11.21 and its 200-day moving average price is C$13.21. The stock has a market capitalization of C$194.71 million and a P/E ratio of -4.87.

Profound Medical (TSE:PRNGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The company reported C($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.44) by C($0.18). The firm had revenue of C$1.26 million for the quarter, compared to analysts’ expectations of C$3.52 million. Analysts anticipate that Profound Medical Corp. will post -0.93 earnings per share for the current year.

About Profound Medical (TSE:PRN)

Profound Medical Corp., together with its subsidiaries, operates as a commercial-stage medical device company that develops magnetic resonance guided ablation procedures for treatment of prostate disease, uterine fibroids, and palliative pain treatment in Canada, Germany, the United States, and Finland.

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