SANUWAVE Health (OTCMKTS:SNWV) Shares Up 4.6%

Shares of SANUWAVE Health, Inc. (OTCMKTS:SNWV) shot up 4.6% on Tuesday . The stock traded as high as $0.17 and last traded at $0.17, 12,500 shares traded hands during mid-day trading. A decline of 94% from the average session volume of 227,215 shares. The stock had previously closed at $0.16.

The firm has a market cap of $46.12 million, a P/E ratio of -1.96 and a beta of -1.64. The stock’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.15.

SANUWAVE Health (OTCMKTS:SNWV) last issued its quarterly earnings data on Friday, November 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $0.20 million for the quarter, compared to analysts’ expectations of $0.40 million. On average, analysts forecast that SANUWAVE Health, Inc. will post -0.05 EPS for the current year.

In other news, President Shri P. Parikh purchased 1,000,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average price of $0.16 per share, with a total value of $160,000.00. Company insiders own 23.40% of the company’s stock.

SANUWAVE Health Company Profile (OTCMKTS:SNWV)

SANUWAVE Health, Inc, a shock wave technology company, focuses on the development and commercialization of noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications worldwide. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, and musculoskeletal and vascular structures.

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