Spectrum Asset Management Inc. NB CA Acquires 15,625 Shares of Tenon Medical, Inc. (NASDAQ:TNON)

Spectrum Asset Management Inc. NB CA lifted its stake in Tenon Medical, Inc. (NASDAQ:TNON) by 155.9% during the 4th quarter, Holdings Channel reports. The firm owned 25,650 shares of the company’s stock after acquiring an additional 15,625 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in Tenon Medical were worth $48,000 at the end of the most recent quarter.

Tenon Medical Trading Down 0.6 %

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

Wall Street Analyst Weigh In

Separately, Maxim Group reduced their price objective on shares of Tenon Medical from $22.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 15th.

Tenon Medical Company 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.