CAS Medical Systems, Inc. (NASDAQ:CASM) – Investment analysts at Zacks Investment Research dropped their Q3 2017 earnings estimates for shares of CAS Medical Systems in a report released on Monday. Zacks Investment Research analyst B. Marckx now anticipates that the medical technology company will earn ($0.09) per share for the quarter, down from their prior forecast of ($0.06). Zacks Investment Research also issued estimates for CAS Medical Systems’ Q4 2017 earnings at ($0.09) EPS, FY2017 earnings at ($0.36) EPS, FY2018 earnings at ($0.23) EPS and FY2019 earnings at ($0.11) EPS.
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CAS Medical Systems (CASM) opened at 0.96 on Thursday. The stock’s market capitalization is $26.24 million. CAS Medical Systems has a 12-month low of $0.80 and a 12-month high of $1.94. The company has a 50 day moving average of $1.12 and a 200-day moving average of $1.24.
CAS Medical Systems (NASDAQ:CASM) last posted its earnings results on Tuesday, August 8th. The medical technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $4.57 million for the quarter, compared to analysts’ expectations of $5.41 million.
A hedge fund recently bought a new stake in CAS Medical Systems stock. Stonepine Capital Management LLC acquired a new stake in shares of CAS Medical Systems, Inc. (NASDAQ:CASM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 900,366 shares of the medical technology company’s stock, valued at approximately $1,044,000. CAS Medical Systems makes up approximately 0.6% of Stonepine Capital Management LLC’s holdings, making the stock its 23rd largest position. Stonepine Capital Management LLC owned approximately 3.29% of CAS Medical Systems at the end of the most recent quarter. 26.71% of the stock is owned by institutional investors and hedge funds.
About CAS Medical Systems
CAS Medical Systems, Inc is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products for patient care. The Company designs, manufactures and distributes the FORE-SIGHT and FORE-SIGHT ELITE brand tissue oximeters and sensors. It operates through Tissue Oximetry Monitoring, which includes sales of its FORE-SIGHT tissue oximeter monitors, sensors and accessories.
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