BlackRock Inc. boosted its holdings in shares of Electromed, Inc. (NYSEAMERICAN:ELMD) by 37.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 33,204 shares of the medical equipment provider’s stock after acquiring an additional 8,965 shares during the period. BlackRock Inc. owned 0.39% of Electromed worth $181,000 as of its most recent filing with the SEC.
Separately, Teton Advisors Inc. grew its holdings in Electromed by 28.6% during the 2nd quarter. Teton Advisors Inc. now owns 159,843 shares of the medical equipment provider’s stock worth $871,000 after acquiring an additional 35,507 shares during the period.
Separately, Dougherty & Co assumed coverage on shares of Electromed in a report on Friday, October 18th. They set a “buy” rating and a $12.00 target price for the company.
ELMD opened at $6.75 on Friday. Electromed, Inc. has a 52 week low of $4.75 and a 52 week high of $7.25.
Electromed (NYSEAMERICAN:ELMD) last announced its quarterly earnings results on Tuesday, August 27th. The medical equipment provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $8.60 million during the quarter.
Electromed Company Profile
Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products in the United States and internationally. The company offers SmartVest airway clearance system that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to patients with compromised pulmonary function; and SmartVest SQL System that provides advanced generator programmability and an enhanced pause feature with save, lock, and restore functionality.
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