electroCore (NASDAQ:ECOR) announced its quarterly earnings data on Tuesday. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.07, Fidelity Earnings reports.

Shares of ECOR traded down $1.31 during midday trading on Wednesday, hitting $4.02. The stock had a trading volume of 5,492 shares, compared to its average volume of 87,755. electroCore has a fifty-two week low of $4.16 and a fifty-two week high of $20.25. The stock has a market cap of $168.41 million and a price-to-earnings ratio of -3.48.

In related news, insider Joseph P. Errico sold 10,408 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $6.97, for a total transaction of $72,543.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph P. Errico sold 39,592 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $5.52, for a total transaction of $218,547.84. The disclosure for this sale can be found here.

An institutional investor recently raised its position in electroCore stock. Geode Capital Management LLC increased its stake in shares of electroCore, Inc. (NASDAQ:ECOR) by 38.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,632 shares of the company’s stock after purchasing an additional 12,578 shares during the quarter. Geode Capital Management LLC owned approximately 0.16% of electroCore worth $285,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 14.09% of the company’s stock.

Several brokerages have commented on ECOR. Zacks Investment Research upgraded shares of electroCore from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. BTIG Research cut shares of electroCore from a “buy” rating to a “neutral” rating in a report on Wednesday. Noble Financial began coverage on shares of electroCore in a report on Wednesday, May 8th. They issued an “outperform” rating and a $19.00 target price for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $19.00 target price (down from $23.00) on shares of electroCore in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $20.25.

TRADEMARK VIOLATION NOTICE: This article was first published by Marea Informative and is owned by of Marea Informative. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.mareainformativa.com/news/2019/05/15/electrocore-ecor-posts-quarterly-earnings-results-beats-estimates-by-0-07-eps.html.

electroCore Company Profile

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.

Featured Article: Federal Reserve

Receive News & Ratings for electroCore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for electroCore and related companies with MarketBeat.com's FREE daily email newsletter.