Wright Medical Group N.V. – Ordinary Shares (NASDAQ:WMGI)’s Stock Is Sell After More Market Selling

July 16, 2018 - By Robert Shackelford

Wright Medical Group N.V. (NASDAQ:WMGI) Logo

The stock of Wright Medical Group N.V. – Ordinary Shares (NASDAQ:WMGI) registered an increase of 11.03% in short interest. WMGI’s total short interest was 11.43M shares in July as published by FINRA. Its up 11.03% from 10.30 million shares, reported previously. With 608,400 shares average volume, it will take short sellers 19 days to cover their WMGI’s short positions. The short interest to Wright Medical Group N.V. – Ordinary Shares’s float is 12.07%.

The stock decreased 0.10% or $0.025 during the last trading session, reaching $25.455. About 364,405 shares traded. Wright Medical Group N.V. (NASDAQ:WMGI) has declined 9.52% since July 16, 2017 and is downtrending. It has underperformed by 22.09% the S&P500.

Wright Medical Group N.V., a medical device company, designs, makes, markets, and sells extremities and biologics products.in the United States, Europe, the Middle East, Africa, and internationally. The company has market cap of $2.70 billion. The firm offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth. It currently has negative earnings. It also provides sports medicines and other products to mechanically repair tissue-to-tissue or tissue-to-bone injuries.

Wright Medical Group N.V. (NASDAQ:WMGI) Ratings Coverage

Among 8 analysts covering Wright Medical Group (NASDAQ:WMGI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Wright Medical Group had 15 analyst reports since January 17, 2018 according to SRatingsIntel. Cantor Fitzgerald maintained Wright Medical Group N.V. (NASDAQ:WMGI) rating on Monday, March 12. Cantor Fitzgerald has “Buy” rating and $30.0 target. The company was maintained on Thursday, June 21 by Cantor Fitzgerald. The rating was maintained by Piper Jaffray on Wednesday, February 28 with “Buy”. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, January 22. The firm earned “Buy” rating on Monday, June 11 by Cantor Fitzgerald. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, July 10. On Wednesday, January 17 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, February 28. The rating was maintained by Cantor Fitzgerald on Monday, February 12 with “Buy”. The stock of Wright Medical Group N.V. (NASDAQ:WMGI) earned “Buy” rating by Guggenheim on Wednesday, June 13.

More important recent Wright Medical Group N.V. (NASDAQ:WMGI) news were published by: Seekingalpha.com which released: “Premarket analyst action – healthcare” on July 10, 2018, also Streetinsider.com published article titled: “Wright Medical Group (WMGI) Reports Significant New Product Launches at 2018 AOFAS Meetings”, Nasdaq.com published: “Wright Medical Group NV to Host Second Quarter 2018 Earnings Conference Call” on July 11, 2018. More interesting news about Wright Medical Group N.V. (NASDAQ:WMGI) was released by: Nasdaq.com and their article: “Wright Medical Group NV Highlights Significant New Product Launches at the American Orthopaedic Foot & Ankle …” with publication date: July 11, 2018.

Wright Medical Group N.V. (NASDAQ:WMGI) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.