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Nanosonics Limited (NNCSF) was Upgraded to a Buy Rating at Wilsons

The company’s shares closed last Tuesday at $2.81, equals to its 52-week low of $2.81.

Nanosonics Limited has an analyst consensus of Moderate Sell, with a price target consensus of $3.42, implying a 19.2% upside from current levels. In a report issued on February 9, Morgans also maintained a Buy rating on the stock with a price target.

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The company has a one-year high of $5.16 and a one-year low of $2.81. Currently, Nanosonics Limited has an average volume of 142.

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Nanosonics Ltd is an Australia based healthcare equipment manufacturing company. It manufactures and distributes the trophon EPR ultrasound probe disinfector, which reduces the risk of ultrasound-related cross-infection. It also manufactures the associated consumables and accessories such as the trophon wall mount, trophon printer, trophon cart, trophon curved probe positioner and others. In addition, the company manufactures and commercializes infection control and decontamination products and services and related technologies. The entity operates in Australia and other countries, of which key revenue is derived from North America.

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