Ocera Therapeutics (OCRX) Sees Large Volume Increase
Ocera Therapeutics, Inc. (NASDAQ:OCRX) shares saw strong trading volume on Friday . 969,372 shares traded hands during trading, a decline of 12% from the previous session’s volume of 1,105,402 shares.The stock last traded at $1.79 and had previously closed at $1.77.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Ocera Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. HC Wainwright lowered Ocera Therapeutics from a “buy” rating to a “neutral” rating and set a $1.75 price objective for the company. in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $1.69.
Ocera Therapeutics (NASDAQ:OCRX) last announced its quarterly earnings results on Tuesday, November 14th. The biopharmaceutical company reported ($0.24) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.24). equities analysts predict that Ocera Therapeutics, Inc. will post -0.93 EPS for the current fiscal year.
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About Ocera Therapeutics
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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