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Enter Symbol:
 
MELA Sciences Inc (MELA) [hlAlert]

Rating:
Buy MELA
down 97.96 %

MELA Sciences Inc (MELA) rated Buy with price target $20 by Needham

Posted on: Wednesday,  Nov 2, 2011  3:25 PM ET by Needham

Needham rated Buy MELA Sciences Inc (NASDAQ: MELA) on 11/02/2011, when the stock price was $56.50. Since
then, MELA Sciences Inc has lost 97.96% as of 08/27/2015's recent price of $1.15.
If you would have followed this Needham's recommendation on MELA, you would have lost 97.96% of your investment in 1394 days.

Electro-Optical Sciences, Inc. (EOS) is a medical device company focused on the design and development of a non-invasive, point-of-care instrument to assist in the early diagnosis of melanoma. EOS's flagship product, MelaFind, features a hand-held imaging device that emits light of multiple wavelengths to capture images of suspicious pigmented skin lesions and extract data. The data is then analyzed against EOS's database of melanomas and benign lesions using its algorithms in order to provide information to the physician and produce a recommendation of whether the lesion should be biopsied.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/2/2011 3:25 PM Buy
None
56.50 200.00
as of 12/30/2011
1 Week down  -2.63 %
1 Month down  -23.44 %
3 Months down  -34.69 %
1 YTD down  -34.69 %

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