Centogene (NASDAQ:CNTG) Posts Earnings Results

Centogene (NASDAQ:CNTG) announced its quarterly earnings results on Wednesday. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.49), Yahoo Finance reports. Centogene had a negative net margin of 14.29% and a negative return on equity of 50.71%. During the same quarter last year, the firm earned ($0.32) EPS. Centogene updated its FY 2021 guidance to EPS.

Centogene stock traded down $0.29 during trading on Friday, reaching $6.91. The stock had a trading volume of 121,416 shares, compared to its average volume of 54,262. Centogene has a 52-week low of $6.76 and a 52-week high of $14.00. The business has a 50 day moving average price of $9.82 and a 200 day moving average price of $10.26. The stock has a market cap of $137.23 million, a PE ratio of -4.35 and a beta of -2.11.

A number of research analysts recently weighed in on CNTG shares. Zacks Investment Research upgraded shares of Centogene from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 9th. Robert W. Baird lifted their price objective on shares of Centogene from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, September 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $17.80.

A hedge fund recently raised its stake in Centogene stock. Morgan Stanley raised its position in Centogene (NASDAQ:CNTG) by 213.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,662 shares of the company’s stock after acquiring an additional 12,715 shares during the quarter. Morgan Stanley owned approximately 0.09% of Centogene worth $194,000 as of its most recent SEC filing. 12.61% of the stock is currently owned by hedge funds and other institutional investors.

About Centogene

Centogene N.V., together with its subsidiaries, focuses on rare diseases that transforms real-world clinical and genetic, or other data into actionable information for patients, physicians, and pharmaceutical companies worldwide. The company develops rare disease platform, a data repository, which includes epidemiologic, phenotypic, and heterogenetic data that enhances methods for identifying and monitoring rare hereditary diseases and provide solutions that accelerate the development of orphan drugs.

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Earnings History for Centogene (NASDAQ:CNTG)

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