Baird Medical Investment (NASDAQ:BDMD) Trading 1.7% Higher – Time to Buy?

Baird Medical Investment Holdings Limited (NASDAQ:BDMD)’s stock price traded up 1.7% on Monday . The stock traded as high as $1.8342 and last traded at $1.79. 203,042 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 360,322 shares. The stock had previously closed at $1.76.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BDMD. Weiss Ratings restated a “sell (d)” rating on shares of Baird Medical Investment in a report on Tuesday, January 27th. Wall Street Zen upgraded Baird Medical Investment to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Baird Medical Investment Stock Down 2.8%

The firm has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $1.57.

Institutional Investors Weigh In On Baird Medical Investment

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Baird Medical Investment during the second quarter worth about $142,000. Citadel Advisors LLC bought a new position in shares of Baird Medical Investment during the third quarter worth about $99,000. Finally, Geode Capital Management LLC grew its holdings 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 in the last quarter. 19.78% of the stock is currently owned by institutional investors.

Baird Medical Investment Company Profile

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.