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XTNT

Xtant

$0.73

-0.0081 (-1.09%)

11:02
10/06/17
10/06
11:02
10/06/17
11:02

Xtant announces closure of Dayton, Ohio facility

Xtant Medical Holdings announced the closure of its Dayton, Ohio facility and the transitioning of its fixation operations to the company's headquarters in Belgrade, Montana. The company said, "This decision will allow the company to align operations with the current and future needs of its customers, and recognize cost-savings by consolidating facilities and reducing duplicative resources. The Dayton, Ohio facility employs approximately 55 employees in various quality assurance, regulatory, inventory management, finance, engineering, and distribution positions. Many of these functions will ultimately transition to our Montana facility. Once the transition is completed, annualized cost savings are anticipated to be in excess of $2M, resulting from right-sizing the organization and reduction in facilities. The one-time cost for executing this change is estimated to be $1.5M." The company will file the Worker Adjustment and Retaining Notification with the State of Ohio and the Department of Job and Family Services.

XTNT Xtant
$0.73

-0.0081 (-1.09%)

12/08/16
MAXM
12/08/16
INITIATION
Target $2
MAXM
Buy
Xtant initiated with a Buy at Maxim
Maxim analyst Anthony Vendetti started Xtant Medical Holdings with a Buy rating and $2 price target. The company's ability to "comprehensively" treat orthopedic cases with both biologics and fixation hardware solutions provide a competitive advantage, Vendetti tells investors in a research note. He believes the orthopedic market presents a multi-billion dollar opportunity.
11/30/16
11/30/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Shutterfly (SFLY) initiated with a Buy at Aegis. 2. WageWorks (WAGE) initiated with a Buy at Chardan. 3. BorgWarner (BWA) initiated with a Buy at Jefferies. 4. Advaxis (ADXS) initiated with a Buy at Cantor. 5. Xtant (XTNT) initiated with a Buy at Aegis. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/16
AGIS
11/30/16
INITIATION
Target $3.5
AGIS
Buy
Xtant initiated with a Buy at Aegis
Aegis analyst Jason Wittes initiated Xtant with a Buy and a $3.50 price target.

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