Cowen Analysts Begin Coverage on MELA Sciences (MELA)

By admin | 6 years ago

Research analysts at Cowen began coverage on shares of MELA Sciences (NASDAQ: MELA) in a report released on Wednesday. The firm set an “outperform” rating on the stock.

Shares of MELA Sciences traded down 6.83% during mid-day trading on Wednesday, hitting $2.73. MELA Sciences has a one year low of $1.75 and a one year high of $6.96. The company’s market cap is $82.8 million.

Separately, analysts at Needham & Company reiterated a “buy” rating on shares of MELA Sciences in a research note to investors on Friday, May 4th.

MELA Sciences, Inc., formerly Electro-Optical Sciences, Inc., is a medical device company focused on the design, development and commercialization of a non-invasive, point-of-care (in the doctor’s office) instrument to assist in the early diagnosis of melanoma.

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