Noble Financial Cuts Bacterin International (BONE) to Hold Following Concerning Outlook

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Noble Financial downgraded shares of Bacterin International (NYSE: BONE) from Buy to Hold in an intraday research note Friday.

The downgrade follows Q1 results and the resulting 19 percent decline in the stock.

The company posted a quarterly loss of 3 cents per share and reduced its FY13 sales guidance from $53-$56 million to $35-$40 million. Analysts on the Street are currently expecting sales of $79.9 million.

For an analyst ratings summary and ratings history on Bacterin International click here. For more ratings news on Bacterin International click here.

Shares of Bacterin International closed at $1.77 yesterday, with a 52 week range of $1.61-$4.90.

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