Spectrum Asset Management Inc. NB CA Sells 70,175 Shares of Tenon Medical, Inc. (NASDAQ:TNON)

Spectrum Asset Management Inc. NB CA reduced its holdings in Tenon Medical, Inc. (NASDAQ:TNON) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,025 shares of the company’s stock after selling 70,175 shares during the quarter. Spectrum Asset Management Inc. NB CA owned about 1.97% of Tenon Medical worth $43,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “speculative buy” rating and issued a $3.00 price objective on shares of Tenon Medical in a research report on Wednesday, August 14th.

Tenon Medical Trading Down 3.0 %

Shares of TNON stock opened at $3.93 on Thursday. Tenon Medical, Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $37.60. The business’s 50 day moving average price is $3.06 and its 200-day moving average price is $1.54.

Tenon Medical (NASDAQ:TNON) last released its earnings results on Tuesday, August 13th. The company reported ($1.02) EPS for the quarter. The firm had revenue of $0.90 million during the quarter. Tenon Medical had a negative net margin of 411.27% and a negative return on equity of 4,819.46%.

Tenon Medical Profile

Tenon Medical, Inc, a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as transfixes the SI joints.