Where Is SafeStitch Medical Inc (OTCBB:SFES) Headed?

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Las Vegas, NV -- (SBWIRE) -- 05/08/2013 -- SafeStitch Medical Inc (OTCBB:SFES) plunged 9.16% to $0.5950 per share.

SafeStitch Medical Inc started trading at $0.72 per share. The stock prices have been showing variable trends during the past few months. The company traded 297,718 shares till mid day which is higher than the company’s average volume of 18,802 shares per day. This shows that the investors are upbeat about the stock.

The investors supported the stock prices at $0.5251 per share while the stock was resistant at $0.72 per share. The stock of SafeStitch Medical Inc is likely to move by 0.61 times with a unit change in the market index in the same direction. At present, the company stands at a market valuation of $36.71 million.

To find out what OTCMAGIC projects for SafeStitch Medical Inc for both short term and long term please click here: SFES

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