Tenon Medical (NASDAQ:TNON) Trading Down 2.4%

Tenon Medical, Inc. (NASDAQ:TNON) shares fell 2.4% during mid-day trading on Wednesday . The stock traded as low as $0.76 and last traded at $0.76. 13,263 shares were traded during trading, a decline of 90% from the average session volume of 136,713 shares. The stock had previously closed at $0.78.

Analysts Set New Price Targets

Separately, Benchmark lowered their price target on Tenon Medical from $5.00 to $3.00 and set a “speculative buy” rating on the stock in a research note on Monday, April 15th.

Tenon Medical Stock Performance

The company has a market capitalization of $2.92 million, a P/E ratio of -0.12 and a beta of 2.18. The firm has a 50 day moving average price of $0.72 and a two-hundred day moving average price of $1.00.

Tenon Medical (NASDAQ:TNON) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($1.25) earnings per share for the quarter. Tenon Medical had a negative net margin of 445.77% and a negative return on equity of 1,267.31%. The company had revenue of $0.72 million during the quarter.

Tenon Medical Company 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.