Baird Medical Investment (NASDAQ:BDMD) Trading 11% Higher – Should You Buy?

Shares of Baird Medical Investment Holdings Limited (NASDAQ:BDMD) traded up 11% during trading on Thursday . The stock traded as high as $1.54 and last traded at $1.51. 204,904 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 212,752 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Baird Medical Investment in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Baird Medical Investment presently has a consensus rating of “Sell”.

Baird Medical Investment Stock Performance

The firm’s 50-day simple moving average is $1.71 and its 200 day simple moving average is $2.97.

Hedge Funds Weigh In On Baird Medical Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in Baird Medical Investment in the 3rd quarter worth about $99,000. Jane Street Group LLC acquired a new position in shares of Baird Medical Investment in the 2nd quarter worth approximately $142,000. Geode Capital Management LLC increased its position in shares of Baird Medical Investment by 59.7% during the second quarter. Geode Capital Management LLC now owns 25,442 shares of the company’s stock worth $93,000 after buying an additional 9,511 shares during the period. Finally, XTX Topco Ltd bought a new position in Baird Medical Investment during the first quarter worth $111,000. 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.