Ocera Therapeutics Inc. (OCRX) Trading Down 2.4%
Ocera Therapeutics Inc. (NASDAQ:OCRX) shares dropped 2.4% on Monday . The stock traded as low as $2.35 and last traded at $2.39, with a volume of 1,060,597 shares changing hands. The stock had previously closed at $2.45.
Separately, Zacks Investment Research upgraded Ocera Therapeutics from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Tuesday, April 26th.
The firm’s market capitalization is $52.44 million. The company’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.72.
Ocera Therapeutics (NASDAQ:OCRX) last released its quarterly earnings data on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.02. On average, equities analysts anticipate that Ocera Therapeutics Inc. will post ($1.34) EPS for the current fiscal 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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