JMP initiates Align at market perform

Align Technology, Inc. coverage was initiated by JMP Securities analyst Anthony Ostrea at a market perform rating. The stock is off 43% from its 52-week high of $12, but JMP said it believes uncertainty regarding revenue growth due to competition on OrthoClear will limit share price appreciation. JMP said it will await stabilization of growth drivers before getting more positive on the name. Shares of the Santa Clara, Calif., maker of Invisalign for malocclusion were down 1 cent, or 0.15%, at $6.80 on volume of 373,197 shares versus the three-month running average of 616,035 shares.

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