Benzinga | Aug 31, 2020 11:20AM EDT

Why Staar Surgical's Stock Is Trading Higher Today

Staar Surgical (NASDAQ:STAA) shares are trading higher on Monday after Sidoti & Co upgraded the stock from Neutral to Buy and announced a price target of $58 per share.

Staar Surgical is a manufacturer of lenses. It designs, develops, manufactures, and sells implantable lenses for the eye and delivery systems used to deliver the lenses into the eye. The company also make lenses which are used in surgery that treats cataracts. The company offers products are ICLs used in refractive surgery and IOLs used in cataract surgery. The company generated sales are from the ophthalmic surgical product segment.

Staar Surgical shares were trading up 3% at $47.02 on Monday at the time of publication. The stock has a 52-week high of $62.51 and 52-week low of $23.20.