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Enter Symbol:
 
Cardica, Inc. (CRDC) [hlAlert]

Rating:
Mkt Perform
CRDC
down 63.50 %

Cardica, Inc. (CRDC) downgraded to Mkt Perform by William Blair

Posted on: Tuesday,  May 5, 2009  8:25 AM ET by William Blair

William Blair rated Mkt Perform Cardica, Inc. (NASDAQ: CRDC) on 05/05/2009. Previously William Blair rated Buy Cardica, Inc. (NASDAQ: CRDC) on
11/20/2007., when the stock price was $7.70. Since then, Cardica, Inc. has lost 63.51% as of 05/05/2009's recent price of $2.81.
If you would have followed the previous William Blair's recommendation on CRDC, you would have lost 63.5% of your investment in 532 days.

Cardica, Inc. designs and manufactures proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass graft surgery. In these surgery procedures, veins or arteries are used to construct alternative conduits to restore blood flow beyond narrowed or occluded portions of coronary arteries, bypassing the narrowed or occluded portion of the artery that is impairing blood flow to the heart muscle. Our first two products, the C-Port Distal Anastomosis System, and the PAS-Port Proximal Anastomosis System, provide cardiovascular surgeons with easy-to-use automated systems to perform consistent, rapid and reliable connections, or anastomoses, of the vessels, which surgeons generally view as the most critical aspect of the bypass procedure.

The Equity Research department provides the firm's clients with in-depth investment analysis and investment recommendations. Acting as the company's laboratory for new investment ideas, it specializes in providing investment analysis on quality growth companies. Located together in our Chicago office, our equity analysts currently follow a universe of nearly 360 companies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/5/2009 8:25 AM Hold
None
2.81
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -19.71 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/20/2007 1:25 PM Buy
None
7.70

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