Guggenheim Issues an Upgrade on Wright Medical Group (WMGI) Shares. What’s Next?

June 13, 2018 - By Kurt Siggers

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

Wright Medical Group (WMGI) Stock Upgrade

In analysts report shared with investors on 13 June, Guggenheim announced that they have decided to upgrade shares of Wright Medical Group (WMGI) stock from a Neutral to a Buy.

The stock increased 4.46% or $1.1 during the last trading session, reaching $25.78. About 3.10M shares traded or 220.94% up from the average. Wright Medical Group N.V. (WMGI) has declined 9.52% since June 13, 2017 and is downtrending. It has underperformed by 22.09% the S&P500.

Analysts await Wright Medical Group N.V. (NASDAQ:WMGI) to report earnings on August, 1. They expect $-0.07 EPS, 0.00 % or $0.00 from last year’s $-0.07 per share. After $-0.01 actual EPS reported by Wright Medical Group N.V. for the previous quarter, Wall Street now forecasts 600.00 % negative EPS growth.

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 $2.73 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.

More notable recent Wright Medical Group N.V. (NASDAQ:WMGI) news were published by: Seekingalpha.com which released: “FDA OKs Wright Medical’s Augment bone graft” on June 13, 2018, also Nasdaq.com with their article: “Report: Exploring Fundamental Drivers Behind Syros Pharmaceuticals, J & J Snack Foods, Wright Medical Group NV …” published on May 21, 2018, Globenewswire.com published: “Wright Medical Group NV to Present at Jefferies Global Healthcare Conference” on May 17, 2018. More interesting news about Wright Medical Group N.V. (NASDAQ:WMGI) were released by: Investingnews.com and their article: “Wright Medical Announces FDA Premarket Approval for AUGMENT Injectable Bone Graft” published on June 13, 2018 as well as Nasdaq.com‘s news article titled: “CORRECT AND REPLACE: Wright Medical Group NV to Present at Jefferies Global Healthcare Conference” with publication date: May 21, 2018.

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