Ocera Therapeutics Inc. (OCRX) Sees Unusually-High Trading Volume
Ocera Therapeutics Inc. (NASDAQ:OCRX) saw strong trading volume on Thursday . 380,375 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 193,093 shares.The stock last traded at $2.10 and had previously closed at $2.12.
Separately, Zacks Investment Research raised shares of Ocera Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Tuesday, August 9th.
The firm’s 50 day moving average is $2.55 and its 200-day moving average is $2.70. The stock’s market capitalization is $44.79 million.
Ocera Therapeutics (NASDAQ:OCRX) last issued its earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.02. Equities analysts forecast 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.