State Street Corp Invests $62,000 in Monogram Orthopaedics, Inc. (NASDAQ:MGRM)

State Street Corp acquired a new stake in Monogram Orthopaedics, Inc. (NASDAQ:MGRM) during the third quarter, Holdings Channel.com reports. The firm acquired 23,300 shares of the company’s stock, valued at approximately $62,000.

Monogram Orthopaedics Stock Performance

Monogram Orthopaedics stock opened at $2.40 on Friday. Monogram Orthopaedics, Inc. has a 52 week low of $1.53 and a 52 week high of $4.90. The firm has a market capitalization of $82.35 million, a PE ratio of -5.11 and a beta of 1.51. The business’s 50-day simple moving average is $2.33 and its 200-day simple moving average is $2.45.

Analyst Ratings Changes

Several equities analysts have commented on the company. Roth Capital upgraded Monogram Orthopaedics to a “strong-buy” rating in a report on Monday, December 9th. Roth Mkm started coverage on shares of Monogram Orthopaedics in a research note on Monday, December 9th. They issued a “buy” rating and a $4.00 target price on the stock.

Monogram Orthopaedics Company Profile

Monogram Orthopaedics, Inc focuses on developing a product solution architecture to enable patient-optimized orthopaedic implants. The company intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation for use in reconstructive joint replacement procedures.