Trovagene Inc. (TROV) Trading Up 1.7%
Shares of Trovagene Inc. (NASDAQ:TROV) rose 1.7% during mid-day trading on Friday . The stock traded as high as $4.89 and last traded at $4.87, with a volume of 105,210 shares traded. The stock had previously closed at $4.79.
TROV has been the subject of several research analyst reports. Avondale Partners reiterated a “market perform” rating and set a $6.00 target price on shares of Trovagene in a research report on Tuesday, March 29th. Cantor Fitzgerald reiterated a “buy” rating and set a $10.00 target price on shares of Trovagene in a research report on Monday, March 28th. Piper Jaffray Cos. cut Trovagene from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $5.26 to $8.00 in a research report on Monday, April 25th. Leerink Swann cut Trovagene from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, April 26th. Finally, Argus cut Trovagene from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.96.
The firm’s 50-day moving average is $4.78 and its 200-day moving average is $4.78. The stock’s market capitalization is $150.80 million.
Trovagene (NASDAQ:TROV) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.29) by $0.07. On average, equities analysts expect that Trovagene Inc. will post ($1.30) earnings per share for the current fiscal year.
Trovagene, Inc (TrovaGene) is a molecular diagnostic company. The Company focuses on the development and commercialization of a molecular diagnostic technology for use in disease detection and monitoring across a range of medical disciplines. Its primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.
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