Spectrum Asset Management Inc. NB CA Has $48,000 Position in Tenon Medical, Inc. (NASDAQ:TNON)

Spectrum Asset Management Inc. NB CA raised its position in shares of Tenon Medical, Inc. (NASDAQ:TNON) by 155.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,650 shares of the company’s stock after purchasing an additional 15,625 shares during the period. Spectrum Asset Management Inc. NB CA owned 0.82% of Tenon Medical worth $48,000 as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Maxim Group lowered their price target on Tenon Medical from $22.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 15th.

Tenon Medical Stock Performance

TNON opened at $1.54 on Friday. The stock’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $2.37. Tenon Medical, Inc. has a 1 year low of $1.46 and a 1 year high of $15.79.

Tenon Medical Profile

Tenon Medical, Inc, a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as transfixes the SI joints.