TearLab Corporation (TEAR) Shares Down 0%
TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) dropped 0% on Wednesday . The stock traded as low as $0.59 and last traded at $0.69. Approximately 808,246 shares traded hands during mid-day trading, an increase of 618% from the average daily volume of 112,624 shares. The stock had previously closed at $0.69.
TEAR has been the subject of several analyst reports. Zacks Investment Research downgraded TearLab Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of TearLab Corporation in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $4.90.
The company has a debt-to-equity ratio of -2.03, a current ratio of 2.60 and a quick ratio of 2.14.
TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) last issued its quarterly earnings results on Monday, August 14th. The medical research company reported ($0.68) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.07. The business had revenue of $7.00 million during the quarter, compared to analysts’ expectations of $6.86 million. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) EPS. analysts anticipate that TearLab Corporation will post -2.64 earnings per share for the current fiscal year.
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TearLab Corporation Company Profile
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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