Market Overview

Why Medigus's Stock Is Trading Higher Today

Share:
Why Medigus's Stock Is Trading Higher Today

Medigus Ltd (NASDAQ: MDGS) shares are trading higher on Friday after the company announced it will acquire a controlling interest in Smart Repair Pro and Purex Inc.

Medigus is an Israel-based medical device company. It is engaged in the development, manufacturing, and marketing of surgical endostaplers and direct vision systems for minimally invasive medical procedures. The key product of the company is the MUSE (Medigus Ultrasonic Surgical Endostapler) system is a single-use device for the incisionless treatment of GERD (gastroesophageal reflux disease), which is based on proprietary platform technology and know-how.

The company also develops a range of micro video cameras under the micro ScoutCam portfolio of products, including the micro ScoutCam 1.2 for both medical and industrial applications. Medigus earns the majority of its revenue from the USA.

Medigus's stock traded up 10.96% at $1.52 per share at the time of publication on Friday. The stock has a 52-week high of $5.15 and a 52-week low of 83 cents.

 

Related Articles (MDGS)

View Comments and Join the Discussion!

Posted-In: why it's movingM&A News Penny Stocks

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com