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
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 22.5523 | Neutral | ATR14 | 1.2244 | |
| CCI20 | 173.9613 | Buy | Chaikin Money Flow | -0.0861 | Sell |
| MACD | 0.6816 | Buy | Money Flow Index | 90.3719 | OverBought |
| ROC | 111.0119 | Buy | RSI | 66.3505 | Sell |
| STOCH (14,3) | 60.3774 | Buy | STOCH RSI | 0.5210 | Sell |
| UO | 42.0650 | Buy | Williams %R | -39.6226 | Neutral |
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