Helius Medical Technologies (NASDAQ:HSDT) Cut to Hold at Zacks Investment Research

ByRachelle R. Sowell

May 28, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Helius Medical Systems (NASDAQ:HSDTGet Score) was downgraded by Zacks Financial commitment Investigation from a “buy” score to a “hold” score in a investigation take note issued on Friday, Zacks.com reports.

According to Zacks, “Helius Professional medical Technologies Inc. is a specialty medical machine company. It is concentrated on the improvement and regulatory approval of its non-invasive neurostimulation device known as PoNS. The Firm is nearing scientific trials for stability problems in TBI people and for the remedy of MS. Helius Health-related Systems, Inc. is based mostly in Newtown, Pennsylvania. “

Helius Healthcare Technologies inventory traded down $.04 for the duration of investing several hours on Friday, hitting $1.44. The business experienced a investing volume of 25,224 shares, in contrast to its ordinary quantity of 20,472. The organization has a market cap of $5.47 million, a PE ratio of -.20 and a beta of .82. Helius Healthcare Technologies has a just one yr low of $1.31 and a a person calendar year substantial of $17.26. The business has a 50-working day transferring ordinary of $2.81 and a 200 day relocating normal of $4.62.

Helius Health-related Technologies (NASDAQ:HSDTGet Ranking) final announced its earnings benefits on Thursday, May perhaps 12th. The organization documented ($1.15) EPS for the quarter, lacking the consensus estimate of ($1.13) by ($.02). Helius Medical Systems experienced a detrimental return on fairness of 240.53% and a unfavorable net margin of 3,043.95%. All through the exact same quarter in the prior 12 months, the organization gained ($1.65) EPS. Equities analysts expect that Helius Health-related Systems will publish -4.18 earnings for every share for the present-day yr.

Institutional investors and hedge funds have lately designed variations to their positions in the organization. Altium Money Administration LP acquired a new placement in shares of Helius Health-related Technologies all through the fourth quarter value about $254,000. ACT Money L.L.C. improved its stake in Helius Health care Systems by 19.3% in the 3rd quarter. ACT Cash L.L.C. now owns 70,616 shares of the company’s stock valued at $1,017,000 right after attaining an additional 11,430 shares for the duration of the past quarter. Kepos Funds LP amplified its stake in Helius Healthcare Systems by 296.4% in the fourth quarter. Kepos Cash LP now owns 100,304 shares of the company’s stock valued at $521,000 just after obtaining an further 75,000 shares for the duration of the past quarter. At last, AIGH Funds Administration LLC purchased a new place in Helius Health-related Technologies in the fourth quarter valued at about $1,298,000. 29.74% of the stock is at this time owned by institutional investors.

Helius Health care Systems Company Profile (Get Rating)

Helius Professional medical Technologies, Inc, a neurotechnology company, focuses on acquiring, licensing, and acquiring non-invasive technologies for the procedure of indications prompted by neurological disorder or trauma. Its item, Portable Neuromodulation Stimulator (PoNS), is a non-surgical medical gadget intended for use as a brief phrase treatment of gait deficit because of to signs from a number of sclerosis and equilibrium deficit owing to moderate-to-reasonable traumatic brain injuries, as properly as to be employed in conjunction with supervised therapeutic work out.

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