Profound Medical (TSE:PRN) Shares Up 0.1% – Here’s What Happened

Shares of Profound Medical Corp. (TSE:PRN) rose 0.1% on Tuesday . The company traded as high as C$12.00 and last traded at C$11.71. Approximately 7,128 shares traded hands during trading, a decline of 0% from the average daily volume of 7,141 shares. The stock had previously closed at C$11.70.

Analyst Ratings Changes

Separately, Raymond James upgraded Profound Medical to a “strong-buy” rating in a report on Saturday, November 9th.

Profound Medical Stock Down 2.6 %

The business has a 50 day simple moving average of C$10.81 and a 200 day simple moving average of C$11.61. The company has a debt-to-equity ratio of 16.95, a current ratio of 8.61 and a quick ratio of 14.98. The stock has a market cap of C$275.40 million, a PE ratio of -6.96 and a beta of 0.81.

About Profound Medical

Profound Medical Corp., together with its subsidiaries, operates as a commercial-stage medical device company that develops and markets incision-free therapeutic systems for the image guided ablation of diseased tissue in Canada, Germany, the United States, and Finland. Its lead product TULSA-PRO system combines magnetic resonance imaging(MRI), robotically-driven transurethral sweeping action/thermal ultrasound and closed-loop temperature feedback control to provide precise, flexible, and durable ablation of a surgeon defined region of prostate and protect the urethra and rectum.