Ocera Therapeutics Inc. (OCRX) Stock Price Down 8.4%
Shares of Ocera Therapeutics Inc. (NASDAQ:OCRX) were down 8.4% during trading on Wednesday . The stock traded as low as $2.10 and last traded at $2.18, with a volume of 349,385 shares trading hands. The stock had previously closed at $2.38.
Separately, Zacks Investment Research cut shares of Ocera Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th.
The firm’s market capitalization is $46.32 million. The firm’s 50-day moving average is $2.55 and its 200-day moving average is $2.70.
Ocera Therapeutics (NASDAQ:OCRX) last posted 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. Analysts anticipate that Ocera Therapeutics Inc. will post ($1.34) earnings per share 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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