Here’s Who Just Picked Up Encision Inc۔ (OTCMKTS:ECIA) Shares

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If there’s one space that has been a rollercoaster over the last few quarters, it’s healthcare. With political inputs bubbling away under the surface, and the standard internal pressures on top, it’s been a bit of a rollercoaster industry.  This, of course, is resulting in plenty of investment – institutional and otherwise.

Here’s an Encision buy.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Encision Inc. (OTCMKTS:ECIA) reported that Wynne Timothy J has picked up  of 543,442 common stock as of 2016-12-27.

The acquisition brings the aggregate amount owned by Wynne Timothy J to a total of 543,442 representing a 5.1% stake in the company.

For those not familiar with the company, Encision Inc. is a medical device company. The Company designs, develops, manufactures and markets surgical instruments that provide safety to patients undergoing minimally-invasive surgery. Its Active Electrode Monitoring (AEM) technology provides surgeons with the desired tissue effects of cutting and coagulating tissue in laparoscopic procedures, while preventing stray electrosurgical energy that can cause complications and even death. Its shielded and monitored instruments enable surgeons to perform electrosurgical procedures. It produces and markets a line of AEM Instruments, which are shielded and monitored to prevent stray electrosurgical burns from insulation failure and capacitive coupling.

A glance at Encision Inc. (OTCMKTS:ECIA)’s key stats reveals a current market capitalization of 2.88 million based on 10.67 million shares outstanding and a price at last close of $0.270 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-12-17, Newton picked up 12,500 at a purchase price of $0.80. This brings their total holding to 322,716 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Encision Inc (OTCMKTS:ECIA) as things move forward to see if its progress aligns with these transactions.

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