OrthoPediatrics (NASDAQ:KIDS) Sets New 12-Month Low – What’s Next?

OrthoPediatrics Corp. (NASDAQ:KIDS)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $21.99 and last traded at $21.99, with a volume of 210 shares changing hands. The stock had previously closed at $22.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $50.00 target price on shares of OrthoPediatrics in a report on Friday, September 13th. Truist Financial lowered their target price on OrthoPediatrics from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, October 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of OrthoPediatrics in a report on Friday, November 8th.

OrthoPediatrics Stock Up 6.6 %

The firm has a market capitalization of $589.03 million, a PE ratio of -19.77 and a beta of 1.16. The company has a fifty day simple moving average of $26.79 and a two-hundred day simple moving average of $29.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.68 and a current ratio of 7.17.

Institutional Investors Weigh In On OrthoPediatrics

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in shares of OrthoPediatrics by 0.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 72,935 shares of the company’s stock worth $2,098,000 after purchasing an additional 420 shares during the last quarter. Triodos Investment Management BV lifted its stake in shares of OrthoPediatrics by 1.2% during the 2nd quarter. Triodos Investment Management BV now owns 41,500 shares of the company’s stock worth $1,194,000 after purchasing an additional 500 shares during the last quarter. Trust Point Inc. lifted its stake in shares of OrthoPediatrics by 10.0% during the 3rd quarter. Trust Point Inc. now owns 8,532 shares of the company’s stock worth $231,000 after purchasing an additional 773 shares during the last quarter. Quarry LP purchased a new stake in shares of OrthoPediatrics during the 3rd quarter worth $25,000. Finally, International Assets Investment Management LLC lifted its stake in shares of OrthoPediatrics by 2,610.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,003 shares of the company’s stock worth $27,000 after purchasing an additional 966 shares during the last quarter. 69.05% of the stock is currently owned by hedge funds and other institutional investors.

About OrthoPediatrics

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.