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Photomedex, Inc. (PHMD) [hlAlert]

Rating:
Strong Buy
PHMD
down 95.42 %

Photomedex, Inc. (PHMD) rated Strong Buy with price target $20 by Ascendiant Capital Markets

Posted on: Thursday,  Mar 14, 2013  8:25 AM ET by Ascendiant Capital Markets

Ascendiant Capital Markets rated Strong Buy Photomedex, Inc. (NASDAQ: PHMD) on 03/14/2013. Previously Ascendiant Capital Markets rated Buy Photomedex, Inc. (NASDAQ: PHMD)
on 05/04/2012., when the stock price was $16.40. Since then, Photomedex, Inc. has lost 95.43% as of 08/27/2015's recent price of $0.75.
If you would have followed the previous Ascendiant Capital Markets's recommendation on PHMD, you would have lost 95.42% of your investment in 1210 days.

PhotoMedex, Inc., is a medical device and specialty pharmaceutical company. The Company operates in four business units: three in Dermatology and one in Surgical. The Domestic XTRAC segment derives revenues from procedures performed by dermatologists in the United States. The Company's XTRAC system is placed in a dermatologist's office without any initial capital cost and then the Company charges a fee-per-use to treat skin disease. The International Dermatology segment, generates revenues from the sale of equipment and replacement parts to dermatologists outside the United States through a network of distributors. The Surgical products segment generates revenues by selling laser products and disposables to hospitals, surgery centers and doctors both domestically and internationally. In March 2009, the Company announced the closing of the acquisition of Photo Therapeutics Limited.

Ascendiant Capital Markets is led by George Santana, who has nearly twenty years of equity research experience in the United States and foreign markets. During his career, Mr. Santana has been recognized six consecutive times in the Institutional Investor magazine poll of top analysts.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/14/2013 8:25 AM Buy
None
15.84 20.00
as of 12/13/2013
1 Week down  -4.14 %
1 Month down  -3.54 %
3 Months down  -24.98 %
1 YTD down  -15.69 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2012 8:25 AM Buy
None
12.54 18.00
5/11/2012 3:25 PM Buy
None
18.12 20.25
5/4/2012 10:25 AM Buy
None
16.40 18.50

(*) Stock Price at the time of the recommendation.
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