Ocera Therapeutics Inc. (OCRX) Trading Up 2.5%
Ocera Therapeutics Inc. (NASDAQ:OCRX) shares were up 2.5% during mid-day trading on Wednesday . The company traded as high as $2.50 and last traded at $2.50, with a volume of 191,033 shares changing hands. The stock had previously closed at $2.44.
Separately, Zacks Investment Research downgraded shares of Ocera Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th.
The stock’s 50 day moving average is $2.55 and its 200 day moving average is $2.72. The firm’s market capitalization is $54.41 million.
Ocera Therapeutics (NASDAQ:OCRX) last announced its quarterly earnings data on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.02. Equities analysts expect that Ocera Therapeutics Inc. will post ($1.34) earnings per share for the current year.
Ocera Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on acute and chronic orphan liver diseases. The Company is focused on the development and commercialization of its clinical candidate, OCR-002, for the treatment of hepatic encephalopathy (HE). OCR-002 is a molecule, ornithine phenylacetate, which functions as an ammonia scavenger.
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