Cancer Genetics Inc. (CGIX) Sees Strong Trading Volume
Cancer Genetics Inc. (NASDAQ:CGIX) saw unusually-high trading volume on Monday . Approximately 118,290 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 82,345 shares.The stock last traded at $2.08 and had previously closed at $2.07.
Separately, Zacks Investment Research raised shares of Cancer Genetics from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, May 11th.
The stock’s market capitalization is $27.71 million. The firm’s 50 day moving average is $2.06 and its 200 day moving average is $2.38.
Cancer Genetics (NASDAQ:CGIX) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.39) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.04. The firm had revenue of $6.10 million for the quarter, compared to analysts’ expectations of $6.95 million. During the same period in the prior year, the firm earned ($0.44) EPS. Cancer Genetics’s revenue for the quarter was up 38.6% compared to the same quarter last year. Equities analysts expect that Cancer Genetics Inc. will post ($1.26) earnings per share for the current fiscal year.
Cancer Genetics, Inc is engaged in the field of personalized medicine, enabling precision medicine in the field of oncology through its diagnostic products and services, and molecular markers. The Company develops, commercializes and provides molecular- and biomarker-based tests and services that enable physicians to personalize the clinical management of each individual patient by providing genomic information to diagnose, monitor and inform cancer treatment, and enable biopharmaceutical companies engaged in oncology trials to select candidate populations and manage adverse drug reactions by providing information regarding genomic factors influencing subject responses to therapeutics.
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