Baird Medical Investment (NASDAQ:BDMD) Trading Down 1.5% – What’s Next?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD)’s share price dropped 1.5% on Wednesday . The stock traded as low as $3.81 and last traded at $3.98. Approximately 36,788 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 978,205 shares. The stock had previously closed at $4.04.

Baird Medical Investment Price Performance

The stock has a 50-day simple moving average of $5.95.

Institutional Investors Weigh In On Baird Medical Investment

A hedge fund recently bought a new stake in Baird Medical Investment stock. Highbridge Capital Management LLC purchased a new position in Baird Medical Investment Holdings Limited (NASDAQ:BDMD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,500 shares of the company’s stock, valued at approximately $855,000. Highbridge Capital Management LLC owned approximately 1.71% of Baird Medical Investment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 19.78% of the company’s stock.

About Baird Medical Investment

Baird Medical Investment Holdings Ltd. is a medical technology company, which engages in the development and provision of medical devices. It is also involved in the design, development, manufacturing, and sale of microwave ablation medical devices, as well as sale of other medical devices. The company was founded on June 16, 2023 and is headquartered in Guangzhou, China.