Ocera Therapeutics Inc. (OCRX) Sees Strong Trading Volume
Shares of Ocera Therapeutics Inc. (NASDAQ:OCRX) saw strong trading volume on Thursday . 380,375 shares were traded 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 Ocera Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Tuesday, August 9th.
The stock’s 50-day moving average price is $2.51 and its 200 day moving average price is $2.69. The firm’s market cap is $49.82 million.
Ocera Therapeutics (NASDAQ:OCRX) last posted its quarterly earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.02. On average, analysts predict that Ocera Therapeutics Inc. will post ($1.34) EPS 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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