Asensus Surgical (ASXC) Stock Extends Rally After The News: A Good Opportunity?

June 8, 2021 Oliver Rider 169 Views

If you are currently looking into stocks that might have strong early moves today then it could be a good move to look into the Asensus Surgical Inc (NYSEAMERICAN:ASXC) stock.

The Asensus stock has rallied by 8% this morning after the medical technology announced that it is all set to be added to the Russell Microcap and Russell 2000 indexes. The stock is going to be added after the yearly reconstruction of the indexes is completed for 2021. The inclusion is going to be reflected after the opening of markets on June 28, 2021.

Last month the company had reported its financial results for the first fiscal quarter and managed to generate revenues of $2.1 million for the period. That was considerably higher than the $0.6 million that it had managed to generate in the same quarter last year. On the other hand, the total operating net expenses declined to $14.4 million from $16 million in the prior-year period.