Fluidigm Corp. (FLDM) Sees Large Volume Increase
Shares of Fluidigm Corp. (NASDAQ:FLDM) saw unusually-high trading volume on Wednesday . Approximately 902,531 shares traded hands during trading, an increase of 304% from the previous session’s volume of 223,503 shares.The stock last traded at $8.88 and had previously closed at $8.88.
FLDM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Fluidigm Corp. from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, July 5th. Cantor Fitzgerald reiterated a “buy” rating and set a $13.00 price target on shares of Fluidigm Corp. in a research report on Thursday, June 2nd. Deutsche Bank AG initiated coverage on shares of Fluidigm Corp. in a research report on Wednesday, June 1st. They set a “buy” rating on the stock. Finally, Mizuho reduced their price target on shares of Fluidigm Corp. from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.82.
The company has a 50 day moving average price of $9.63 and a 200 day moving average price of $8.70. The firm’s market capitalization is $264.52 million.
Fluidigm Corp. (NASDAQ:FLDM) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.64) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.06. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The company earned $28.20 million during the quarter, compared to the consensus estimate of $29.62 million. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that Fluidigm Corp. will post ($2.31) EPS for the current fiscal year.
A hedge fund recently bought a new stake in Fluidigm Corp. stock. Marshall Wace LLP purchased a new position in Fluidigm Corp. (NASDAQ:FLDM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 96,680 shares of the company’s stock, valued at approximately $1,045,000. Marshall Wace LLP owned about 0.34% of Fluidigm Corp. at the end of the most recent reporting period.
Fluidigm Corporation creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Company’s core microfluidics and mass cytometry technologies. The Company operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment.
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