Spectrum Asset Management Inc. NB CA reduced its holdings in Tenon Medical, Inc. (NASDAQ:TNON – Free Report) 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.
View Our Latest Analysis on TNON
Tenon Medical Trading Down 3.0 %
Tenon Medical (NASDAQ:TNON – Get Free Report) 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.
Read More
- Five stocks we like better than Tenon Medical
- What is the Nikkei 225 index?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Compound Interest and Why It Matters When Investing
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- How Investors Can Find the Best Cheap Dividend Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Tenon Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenon Medical and related companies with MarketBeat.com's FREE daily email newsletter.