1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (1308) 

Synergetics Up 30% after Approval for Eye Surgery Device

June 28, 2012 | About:

Shares of Synergetics (NASDAQ:SURG) are up almost 30% today after the company’s eye surgery device was approved by U.S. health regulators. The device serves the purpose of removing liquid from inside an eye during surgery. The company is also waiting for approval from European authorities on the same device.

At the time of writing, shares of Synergetics are at $4.96, up $1.09 so far today, or 28.17%. Synergetics designs, manufactures and markets medical devices for use primarily in ophthalmic surgery and neurosurgery and for other healthcare applications. Synergetics USA Inc. has a market cap of $96.7 million; its shares were traded at around $4.95 with a P/E ratio of 16 and P/S ratio of 1.7. Synergetics USA Inc. had an annual average earnings growth of 13.7% over the past five years.

CEO David Hable recently purchased 4,000 shares of the company on 6/14/2012 at an average price of $4.03. On 3/15/2012, he had also purchased 4,000 shares. CFO Pamela Boone also bought 2,800 shares of the company at an average price of $4. There were various trades from other insiders as well.

Rating: 3.5/5 (4 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by GuruFocus

User Generated Screeners

HattcoSymonds PB2PE12EV8
pbarker46Begin here 1
MisterTIndustry Selection
maurits_halimEPS Growth >20% (UK)
DBrizan2017sep19 Qcom Gild beater
alberto.lopezblancoPI / PTB
Jeremieroyspinoffs + insiders
sm0yerconsistant growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat