The stock of Skyline Medical Inc (NASDAQ:SKLN) is a huge mover today! The stock decreased 23.00% or $1.09 on November 23, hitting $3.65. About 2.44M shares traded hands or 59.48% up from the average. Skyline Medical Inc (NASDAQ:SKLN) has declined 36.24% since April 22, 2016 and is downtrending. It has underperformed by 41.65% the S&P500.
The move comes after 8 months negative chart setup for the $31.65 million company. It was reported on Nov, 24 by Barchart.com. We have $3.43 PT which if reached, will make NASDAQ:SKLN worth $1.90M less.
Analysts await Skyline Medical Inc (NASDAQ:SKLN) to report earnings on March, 16.
According to Zacks Investment Research, “Skyline Medical Inc. is a medical device company. It produces an automated surgical fluid disposal system. The Company has a fully automated surgical fluid disposal device – the Streamway System. Its Streamway System fully automates the collection, measurement and disposal of surgical fluids. Skyline Medical, Inc. is based in Eagan, Minnesota.”
More recent Skyline Medical Inc (NASDAQ:SKLN) news were published by: Streetinsider.com which released: “Skyline Medical (SKLN) Reports Approval in Canada to Market STREAMWAY System” on November 22, 2016. Also Globenewswire.com published the news titled: “Skyline Medical to Hold Business Update Conference Call on September 8th” on September 07, 2016. Streetinsider.com‘s news article titled: “Skyline Medical (SKLN) Announces Board Approval, Effectiveness of 1-For-25 …” with publication date: October 27, 2016 was also an interesting one.
SKLN Company Profile
Skyline Medical Inc., incorporated on April 23, 2002, is a medical device firm that develops and makes The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Firm distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Firm also makes and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis.
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