Titan Medical (TSE:TMD) Shares Down 9.4%

Shares of Titan Medical Inc. (TSE:TMD – Get Rating) dropped 9.4% during mid-day trading on Friday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 141,752 shares traded hands during trading, a decline of 50% from the average daily volume of 282,305 shares. The stock had previously closed at C$0.16.

Titan Medical Stock Down 9.4 %

The company has a market cap of C$16.22 million, a PE ratio of -0.66 and a beta of 3.52. The business has a 50-day simple moving average of C$0.68 and a 200-day simple moving average of C$0.70. The company has a quick ratio of 1.18, a current ratio of 1.41 and a debt-to-equity ratio of 21.28.

About Titan Medical

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Titan Medical Inc, a medical technology company, focuses on the development and commercialization of robotic assisted surgical technologies for application in minimally invasive surgery. It is developing the Enos system, a robotic single access surgical system that includes a surgeon-controlled patient cart comprising a 3D high-definition vision system and multi-articulating instruments for performing surgical procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient's body during surgical procedures.