H.C. Wainwright upped the firm’s rating on Motus GI Holdings to Under Review from Buy. While the Pure-Vu EVS Gastro and Gen 4 Colon system could drive market adoption and revenue growth, the current market capitalization of Motus shares at $1.5M may limit the company’s ability to raise additional capital, which may then result in substantial doubt about continuing as a going concern, the analyst tells investors in a research note.
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