Profound Medical Corp
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Health Care : Health Care Equipment & Supplies | Small Cap Growth
Based in Canada
Company profile

Profound Medical Corp. is a commercial-stage medical device company. focused on customizable, incision-free therapies which combine real-time magnetic resonance imaging (MRI), thermal ultrasound and closed-loop temperature feedback control for the radiation-free ablation of diseased tissue. The Company’s products include TULSA-PRO System and SONALLEVE. The TULSA-PRO is used to ablate benign or malignant prostate tissue in patients with a variety of prostate diseases. Prostate diseases include prostate cancer and benign prostatic hyperlasia (BPH). Prostate cancer is one of the common types of cancer affecting men. TULSA-PRO and SONALLEVE share the common technological concept of using MRI to enable visualization of the surgeon desired tissue in real time. Both products also use thermal ultrasound technology to heat and ablate tissue.

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Today's volume of 0 shares is on pace to be much lighter than PROF's 10-day average volume of 137,048 shares.


Nio's stock dives after Goldman Sachs turns bearish on valuation concerns

9:14 am ET July 17, 2020 (MarketWatch)

Shares of Nio Inc. (NIO) took a 6.8% dive in premarket trading Friday, after Goldman Sachs analyst Fei Fang turned bearish on the China-based electric vehicle maker, citing valuation concerns. He cut his rating to sell, after being at neutral since early October. His stock price target is $7, which is 46% below Thursday's closing price of $12.94. With the stock rising 89% over the past month, Fang wrote in a note to clients that he believes "the current share price reflects over-optimism given no substantial changes to volume/profit expectations (" Over the long term, Fang said he believes Nio's investment case depends on the optionality for China's structural auto premiumization and EV adoption, combined with the scarcity of being China's first home-grown high-end passenger vehicle brand. The stock has more than tripled (up 222%) year to date through Thursday, while U.S.-based rival Tesla Inc. shares (TSLA) have nearly tripled (up 259%) and the S&P 500 has slipped 0.5%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

July 17, 2020 09:14 ET (13:14 GMT)

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