Cancer Genetics Inc. (CGIX) Trading Down 0.5%
Cancer Genetics Inc. (NASDAQ:CGIX)’s share price fell 0.5% during trading on Monday . The company traded as low as $2.09 and last traded at $2.16, with a volume of 86,262 shares. The stock had previously closed at $2.17.
Separately, Zacks Investment Research cut Cancer Genetics from a “buy” rating to a “hold” rating in a report on Monday, May 16th.
The company’s market capitalization is $30.17 million. The company has a 50-day moving average price of $2.04 and a 200 day moving average price of $2.32.
Cancer Genetics (NASDAQ:CGIX) last posted its quarterly earnings results on Wednesday, August 10th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.05. The company earned $7 million during the quarter, compared to analyst estimates of $6.50 million. Cancer Genetics’s revenue for the quarter was up 67.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.51) EPS. On average, equities analysts forecast that Cancer Genetics Inc. will post ($1.19) earnings per share for the current year.
Cancer Genetics, Inc is engaged in the field of personalized medicine, enabling precision medicine in the field of oncology through its diagnostic products and services, and molecular markers. The Company develops, commercializes and provides molecular- and biomarker-based tests and services that enable physicians to personalize the clinical management of each individual patient by providing genomic information to diagnose, monitor and inform cancer treatment, and enable biopharmaceutical companies engaged in oncology trials to select candidate populations and manage adverse drug reactions by providing information regarding genomic factors influencing subject responses to therapeutics.
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