electroCore (NASDAQ:ECOR) Trading Down 0.3%

electroCore, Inc. (NASDAQ:ECOR)’s stock price traded down 0.3% during trading on Monday . The stock traded as low as $6.13 and last traded at $6.44. 47,616 shares changed hands during mid-day trading, an increase of 309% from the average session volume of 11,649 shares. The stock had previously closed at $6.46.

electroCore Stock Down 0.3 %

The stock has a 50-day moving average of $6.05 and a 200 day moving average of $6.24. The stock has a market cap of $38.68 million, a PE ratio of -2.26 and a beta of 0.62.

electroCore (NASDAQ:ECOR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.01. electroCore had a negative net margin of 66.84% and a negative return on equity of 165.17%. The firm had revenue of $6.14 million during the quarter, compared to analyst estimates of $5.85 million. During the same quarter in the prior year, the firm posted ($1.03) earnings per share. Research analysts forecast that electroCore, Inc. will post -1.32 EPS for the current fiscal year.

Insider Activity

In other electroCore news, Director Thomas J. Errico purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $6.12 per share, with a total value of $30,600.00. Following the purchase, the director now directly owns 233,818 shares in the company, valued at approximately $1,430,966.16. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.14% of the company’s stock.

Institutional Investors Weigh In On electroCore

An institutional investor recently raised its position in electroCore stock. International Assets Investment Management LLC raised its position in electroCore, Inc. (NASDAQ:ECOR) by 49.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,020 shares of the company’s stock after acquiring an additional 17,620 shares during the quarter. International Assets Investment Management LLC owned approximately 0.88% of electroCore worth $324,000 as of its most recent SEC filing. 26.74% of the stock is currently owned by institutional investors.

electroCore Company Profile

electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.