electroCore (NASDAQ:ECOR) Trading Up 12.4%

electroCore, Inc. (NASDAQ:ECOR)’s stock price was up 12.4% during mid-day trading on Wednesday . The company traded as high as $1.90 and last traded at $1.72, approximately 458,000 shares traded hands during trading. An increase of 138% from the average daily volume of 192,347 shares. The stock had previously closed at $1.53.

A number of research analysts recently issued reports on ECOR shares. Zacks Investment Research lowered electroCore from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. JMP Securities cut electroCore from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Cantor Fitzgerald dropped their price target on electroCore from $9.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Evercore ISI reissued a “buy” rating and issued a $9.00 price target on shares of electroCore in a research note on Wednesday, November 13th. Finally, Noble Financial reissued a “buy” rating and issued a $11.00 price target on shares of electroCore in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.95.

The stock has a 50 day moving average of $1.66 and a two-hundred day moving average of $2.02. The stock has a market cap of $50.76 million, a PE ratio of -1.45 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.50 and a current ratio of 3.80.

electroCore (NASDAQ:ECOR) last announced its quarterly earnings data on Wednesday, November 13th. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.05). The business had revenue of $0.68 million during the quarter. Analysts expect that electroCore, Inc. will post -1.53 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in electroCore by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 664,936 shares of the company’s stock worth $1,330,000 after acquiring an additional 30,671 shares during the period. BlackRock Inc. boosted its position in electroCore by 3.7% during the 2nd quarter. BlackRock Inc. now owns 575,248 shares of the company’s stock worth $1,150,000 after acquiring an additional 20,536 shares during the period. State Street Corp boosted its position in electroCore by 9.5% during the 3rd quarter. State Street Corp now owns 206,659 shares of the company’s stock worth $453,000 after acquiring an additional 18,003 shares during the period. Bfsg LLC boosted its position in electroCore by 34.6% during the 3rd quarter. Bfsg LLC now owns 70,000 shares of the company’s stock worth $153,000 after acquiring an additional 18,000 shares during the period. Finally, Brighton Jones LLC boosted its position in electroCore by 15.1% during the 3rd quarter. Brighton Jones LLC now owns 52,340 shares of the company’s stock worth $115,000 after acquiring an additional 6,869 shares during the period. Hedge funds and other institutional investors own 9.92% of the company’s stock.

About electroCore (NASDAQ:ECOR)

electroCore, Inc, a bioelectronic medicine company, engages in developing a range of patient-administered non-invasive vagus nerve (VNS) stimulation therapies for the treatment of various conditions in neurology, rheumatology, and other fields. The company is developing gammaCore, a prescription-only non-invasive VNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

See Also: Cost of Goods Sold (COGS)

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