The stock of Orthofix International NV (NASDAQ:OFIX) is a huge mover today! About 221,508 shares traded hands or 124.89% up from the average. Orthofix International NV (NASDAQ:OFIX) has risen 1.64% since March 2, 2016 and is uptrending. It has underperformed by 6.62% the S&P500.
The move comes after 5 months negative chart setup for the $727.08M company. It was reported on Oct, 5 by Barchart.com. We have $37.44 PT which if reached, will make NASDAQ:OFIX worth $58.17M less.
Analysts await Orthofix International NV (NASDAQ:OFIX) to report earnings on November, 1. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. OFIX’s profit will be $6.07M for 29.93 P/E if the $0.34 EPS becomes a reality. After $0.41 actual EPS reported by Orthofix International NV for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.
According to Zacks Investment Research, “Orthofix International N.V. is a leading provider of high-value, minimally invasive medical devices for the orthopaedic and trauma markets. Orthofix is well positioned to expand its focus and capitalise on the growing medical acceptance of high technology in orthopaedic treatment and spine repair. The company sells its diverse product line in different countries through its subsidiaries and distribution agreements with leading orthopaedic companies, including Sulzer Medica Group, Sofamor Danek Group, Kendall Healthcare Products and B. Braun. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.14, from 1.41 in 2016Q1. The ratio is positive, as 6 funds sold all Orthofix International NV shares owned while 41 reduced positions. 28 funds bought stakes while 45 increased positions. They now own 16.22 million shares or 2.89% less from 16.70 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Quantbot Technology L P has invested 0.01% of its portfolio in Orthofix International NV (NASDAQ:OFIX). Qs Investors Ltd Liability, a New York-based fund reported 5,700 shares. Kcg last reported 9,037 shares in the company. Wells Fargo Mn holds 0% or 9,443 shares in its portfolio. Analytic Ltd Liability holds 7,156 shares or 0% of its portfolio. Snyder Mgmt Lp holds 0.4% or 144,792 shares in its portfolio. Trexquant L P last reported 10,718 shares in the company. Argentus Cap Mgmt Limited owns 9,080 shares or 0.16% of their US portfolio. Gsa Capital Prtnrs Limited Liability Partnership reported 82,612 shares or 0.19% of all its holdings. Royal Savings Bank Of Canada holds 0% of its portfolio in Orthofix International NV (NASDAQ:OFIX) for 10,288 shares. First Light Asset Mngmt Limited Liability Com reported 129,745 shares or 2.55% of all its holdings. National Bank Of Montreal Can has invested 0% of its portfolio in Orthofix International NV (NASDAQ:OFIX). Bogle Invest Mgmt Limited Partnership De holds 0.24% of its portfolio in Orthofix International NV (NASDAQ:OFIX) for 81,833 shares. Teacher Retirement Of Texas has invested 0% of its portfolio in Orthofix International NV (NASDAQ:OFIX).
Insider Transactions: Since April 14, 2016, the stock had 0 insider purchases, and 6 insider sales for $6.36 million net activity. The insider NIEMANN BRADLEY V. sold $152,069. GOODWIN ROBERT ALLEN II sold $580,228 worth of stock or 13,187 shares. Another trade for 18,336 shares valued at $843,456 was sold by Mason Brad. The insider Sainz Maria sold $192,590. Shares for $1.13 million were sold by Finegan Michael on Thursday, September 1.
More notable recent Orthofix International NV (NASDAQ:OFIX) news were published by: Businesswire.com which released: “Orthofix Announces Japanese Approval and Market Launch of PHOENIX Minimally …” on July 28, 2016, also Businesswire.com with their article: “Orthofix Announces Publication of Data Demonstrating Benefits of Trinity …” published on July 27, 2016, Businesswire.com published: “Orthofix Announces 510(k) Clearance and US Limited Market Launch of FORZA PTC …” on May 16, 2016. More interesting news about Orthofix International NV (NASDAQ:OFIX) were released by: Businesswire.com and their article: “Orthofix International Reports First Quarter 2016 Financial Results” published on April 28, 2016 as well as Businesswire.com‘s news article titled: “Orthofix Study Shows Pulsed Electromagnetic Field Therapy May Reduce Cellular …” with publication date: February 25, 2016.
OFIX Company Profile
Orthofix International N.V. (Orthofix), incorporated on October 19, 1987, is a global medical device company. The Firm is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The firm operates in four divisions: BioStim, Biologics, Extremity Fixation and Spine Fixation. The Company’s BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim. The Company’s Biologic solutions products include AlloQuent Structural Allografts, Trinity ELITE, Trinity Evolution, VersaShield and Collage Synthetic Osteoconductive Scaffold. The Company’s Extremity Fixation solutions include Fixator, TrueLok, TL-HEX TrueLok Hexapod System, PREFIX and PREFIX 2, Centronail Titanium Nailing System and Galaxy Fixation System. The Company’s Spine Fixation solutions products include Ascent LE Posterior Occipital Cervico-Thoracic (POCT) System, ATHLET Vertebral Body Replacement (VBR) System, NGage Surgical Mesh System and PILLAR AL PEEK Partial VBR System.
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