STRATA Skin Sciences, Inc. (NASDAQ: SSKN) stock identified change of 41.07% away from 52-week low price and recently located move of -38.89% off 52-week high price. It has market worth of $67.19M . SSKN stock has been recorded 0.20% away from 50 day moving average and -15.89% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.14% off 20-day moving average.
STRATA Skin Sciences, Inc. (NASDAQ: SSKN), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, reported the signing of a direct distribution contract with Kosmo Meditech for a combination of direct capital sales and direct recurring revenue sales in Korea.
Strengthens the XTRAC value proposition in Korea to expand the installed base of over 250 devices in-country
Takes advantage of STRATA’s strong balance sheet to support the unique recurring revenue business model, now outside the United States
Leverages the over 13-year relationship with Kosmo, a preeminent medical device distributor active in Korea for over 20 years
Provides a strategy to target the over 1,800 dermatologists in Korea with a unique business proposition unseen outside the United States
STRATA expects to see impact of the recurring revenue business model in Korea late 2019 or early 2020
Michael Nam, Chairman of Kosmo stated, “We have been a proud partner in the XTRAC business in Korea for over 13 years and are very happy to be the first international launch partner of STRATA’s recurring revenue business model. The benefits of the model will allow Kosmo to further strengthen its leadership position in the dermatology device space in Korea. We look forward to many more years of providing a full business solution, which includes the highest quality excimer lasers into the Korean clinical dermatology market, now with a unique strategy that leverages both Companies’ strengths as a platform for growth.”
Dr. Dolev Rafaeli, President and Chief Executive Officer of STRATA said “We are very pleased to expand globally and to bring our unique business model to Korea with our strategic partner Kosmo Meditech. This is a tremendous opportunity as we leverage our strong balance sheet and Kosmo’s in-country distribution network,”. “We look forward to driving market share gains as well as seeing our proven business growth engine validated in a new market.” The Healthcare sector company, STRATA Skin Sciences noticed change of 1.50% to $2.37 along volume of 23317 shares in recent session compared to an average volume of 52.14K. The stock observed return of -2.87% in 5 days trading activity. The stock was at 13.40% over one month performance. SSKN’s shares are at -18.28% for the quarter and driving a 30.94% return over the course of the past year and is now at -8.85% since this point in 2018.
The average volatility for the week at 4.49% and for month was at 5.89%. There are 28.35M shares outstanding and 18.59M shares are floated in market. Right now the stock beta is 1.42.
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