Views and recommendations on Nanosonics (NAN)
Hi Guys Doing a great job with your research . A company that you have not reported on recently Nanosonics what are your views and recommendations? Regards Michael Sarpi
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Answer
Hi Michael,
We’ve probably been guilty of not mentioning NAN since January primarily because its looked pretty average over recent times – we said then, when the stock was $2.91 that “MM is neutral/negative towards NAN“, and over the last few months it has tested $2.60, or 10% lower and now after bouncing it still finds itself down -36% year-to-date, by far the worst performing major healthcare stock.
We’re still not a big fan of this Disinfection device maker but if we were trading the next 15-20% looks more likely on the upside but MM continues to have no interest in NAN.
