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Here's Why TransEnterix Fell Hard on Thursday

TheMotleyFool

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Here's Why TransEnterix Fell Hard on ThursdayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of TransEnterix (NYSEMKT: TRXC), a medical device company marketing the Senhance robot-assisted surgical system, are plunging again in response to a dismal second-quarter earnings report. Investors disturbed by a lack of new system sales drove the stock 21.7% lower on Thursday.

In 2018 Transenterix sold an encouraging 15 Senhance robots. Now it looks like the party's over before it ever kicked into high gear.

Image source: Getty Images.

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