One Of The Most Volatile Stocks On The Market
Cutera crashed 28% yesterday - is it time to buy?
Cutera Inc. offers a range of laser and pulse treatments for hair removal, tattoo removal, facial resurfacing, skin rejuvenation, and vascular therapy.
The business has disappointed since its 2004 IPO and earnings have been exceptionally volatile.
The firing of both the CEO and chairman this week have sent the stock to a 29-month low and initiated a potential proxy fight.
History and drama suggest some caution. But CUTR (market cap $375m) is worth keeping an eye on.