Where Is The Bottom? Ra Medical Systems (NYSEAMERICAN:RMED) Corrects From Peak

The medical device company Ra Medical Systems Inc (NYSEAMERICAN:RMED) has grabbed the attention of many investors this morning and the stock has jumped by 9.50%.

While the gains made by the stock may be eye catching it is also important to point out that there has been no news regarding Ra Medical in recent days. The last important development with regards to the company was the May 11 announcement of its financial result for the first fiscal quarter.

In the quarter, the company managed to bring in net revenues of $1.1 million. It was made up of services and other revenues worth $0.7 million and product sales to the tune of $0.4 million. However, it was lower than the $1.4 million in revenues that it had generated in the prior year period. In the prior year period, the company generated $0.6 million in the form of product revenues and $0.8 million from services and other sources.

Technical Indicators

CCI20173.9613BuyChaikin Money Flow-0.0861Sell
MACD0.6816BuyMoney Flow Index90.3719OverBought
STOCH (14,3)60.3774BuySTOCH RSI0.5210Sell
UO42.0650BuyWilliams %R-39.6226Neutral

Related Posts

About The Author