Asensus Surgical Inc (ASXC)

[livingston78]

TransEnterix, Inc. is a medical device company, focusing on the development and commercialization of a robotic assisted surgical system. With $34.76m in cash, assets increasing on a YOY basis, stable liabilities, and a huge current ratio of 8.61 shows that this company is well managed. Insiders and institution bought a lot of shares in the last 6 months so it shows confidence in the company. On the technical side, we saw a huge volume surge today like someone is in a hurry to buy shares. Volume was nearly 3X the daily average which makes me think something is coming.