electroCore (NASDAQ:ECOR) Trading 1.1% Higher – What’s Next?

electroCore, Inc. (NASDAQ:ECORGet Free Report)’s stock price shot up 1.1% during mid-day trading on Friday . The company traded as high as $11.75 and last traded at $11.53. 123,311 shares traded hands during mid-day trading, an increase of 509% from the average session volume of 20,244 shares. The stock had previously closed at $11.40.

electroCore Trading Up 1.1 %

The company has a 50-day moving average price of $7.55 and a 200 day moving average price of $6.73. The stock has a market capitalization of $74.33 million, a P/E ratio of -5.24 and a beta of 0.62.

electroCore (NASDAQ:ECORGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.38) EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.14 million during the quarter, compared to analyst estimates of $5.85 million. During the same period in the prior year, the firm posted ($1.03) earnings per share. As a group, research analysts expect that electroCore, Inc. will post -1.32 earnings per share for the current year.

Insider Activity at electroCore

In related news, Director Thomas J. Errico purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $6.12 per share, for a total transaction of $30,600.00. Following the purchase, the director now owns 233,818 shares of the company’s stock, valued at $1,430,966.16. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.70% of the stock is currently owned by corporate insiders.

Institutional Trading of electroCore

A hedge fund recently raised its stake in electroCore stock. Renaissance Technologies LLC boosted its holdings in shares of electroCore, Inc. (NASDAQ:ECORFree Report) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,786 shares of the company’s stock after buying an additional 2,270 shares during the quarter. Renaissance Technologies LLC owned 1.15% of electroCore worth $442,000 at the end of the most recent reporting period. Institutional investors own 26.74% of the company’s stock.

About electroCore

(Get Free Report)

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.

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