Today’s Stock On Watch: Will Skyline Medical Inc Go Down Anytime Soon?

Today's Stock On Watch: Will Skyline Medical Inc Go Down Anytime Soon?

The stock of Skyline Medical Inc (NASDAQ:SKLN) is a huge mover today! About 914,019 shares traded hands. Skyline Medical Inc (NASDAQ:SKLN) has declined 48.29% since April 28, 2016 and is downtrending. It has underperformed by 54.22% the S&P500.
The move comes after 8 months positive chart setup for the $10.37M company. It was reported on Dec, 1 by Barchart.com. We have $3.07 PT which if reached, will make NASDAQ:SKLN worth $518,500 more.

Analysts await Skyline Medical Inc (NASDAQ:SKLN) to report earnings on March, 16.

According to Zacks Investment Research, “Skyline Medical Inc. is a medical device company. It produces an automated surgical fluid disposal system. The Company has a fully automated surgical fluid disposal device – the Streamway System. Its Streamway System fully automates the collection, measurement and disposal of surgical fluids. Skyline Medical, Inc. is based in Eagan, Minnesota.”

More recent Skyline Medical Inc (NASDAQ:SKLN) news were published by: Streetinsider.com which released: “Skyline Medical (SKLN) Reports Approval in Canada to Market STREAMWAY System” on November 22, 2016. Also Globenewswire.com published the news titled: “Skyline Medical Effects 1-For-25 Reverse Stock Split” on October 27, 2016. Seekingalpha.com‘s news article titled: “Skyline Medical secures $1.74M capital raise” with publication date: November 30, 2016 was also an interesting one.

SKLN Company Profile

Skyline Medical Inc., incorporated on April 23, 2002, is a medical device firm that develops and makes The STREAMWAY System, a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Firm distributes these products to hospitals, surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained, measured, documented and disposed. The Firm also makes and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap, and a single use bottle of cleaning solution. Both items are used on a single procedure basis.

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