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Medigus Restructuring Could Prove to be a Smart Move

NEW YORK, NY / ACCESSWIRE / July 12, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Medigus Ltd. (MDGS), a medical device company that develops, manufactures, and markets surgical endostaplers and direct vision systems for minimally invasive medical procedures or other commercial uses.

On Wednesday, July 11, 2018, MDGS shares were at $2.10 (+69.35) during intra-day trading. Share volume was over 10 million compared to a daily average of 132 thousand.

On July 9, 2018, the company filed form 6-K with the following information: The Company will effect a reverse split of the Company's ordinary shares at the ratio of 10:1, such that each ten ordinary shares, par value NIS 0.10 per share, shall be consolidated into one ordinary share, par value NIS 1.00 (the Reverse Split). See more in our full report.

More about the reverse split and a full analysis available here READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/medigus/

The company's lead product is the Medigus Ultrasonic Surgical Endostapler, or MUSE™ system, a comprehensive endoscopic device that incorporates the latest technological advancements to deliver a more patient-friendly option for Transoral Fundoplication (TF), the procedure is intended to treat the leading cause of GERD (gastroesophageal reflux disease) -- a dysfunctional valve between the esophagus and stomach.

Read more about the MDGS products and the most recent financial data READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/medigus/

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SOURCE: Traders News Source