Ocera Therapeutics Inc. (OCRX) Sees Unusually-High Trading Volume
Ocera Therapeutics Inc. (NASDAQ:OCRX) shares saw strong trading volume on Wednesday . 287,917 shares changed hands during trading, an increase of 308% from the previous session’s volume of 70,507 shares.The stock last traded at $2.49 and had previously closed at $2.48.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Ocera Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Tuesday. Brean Capital reaffirmed a “buy” rating on shares of Ocera Therapeutics in a research report on Tuesday, April 12th.
The firm has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.73. The stock’s market capitalization is $53.05 million.
Ocera Therapeutics (NASDAQ:OCRX) last issued its quarterly earnings data on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.02. On average, analysts expect that Ocera Therapeutics Inc. will post ($1.36) 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.
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