Globus Medical Inc. Class A (NYSE:GMED) traded today at a new 52-week high of $69.06. This new high was reached on below average trading volume as 71,000 shares traded hands, while the average 30-day volume is approximately 458,000 shares.
Globus Medical is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which includes medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which includes advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States.
Globus Medical Inc. Class A (NYSE:GMED) is currently priced 1.6% above its average consensus analyst price target of $67.60.
Globus Medical Inc. Class A share prices have moved between a 52-week high of $69.06 and a 52-week low of $42.85 and are now trading 60% above that low price at $68.70 per share.
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