Biocept (BIOC) Sees Strong Trading Volume
Biocept Inc (NASDAQ:BIOC) saw strong trading volume on Monday . 16,375 shares were traded during trading, a decline of 97% from the previous session’s volume of 474,952 shares.The stock last traded at $6.79 and had previously closed at $6.40.
Several equities analysts recently weighed in on the company. ValuEngine upgraded Biocept from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Westpark Capital reiterated an “outperform” rating and set a $1.00 target price on shares of Biocept in a research report on Wednesday, April 4th. Finally, Zacks Investment Research downgraded Biocept from a “buy” rating to a “hold” rating in a research report on Friday, May 11th.
The stock has a market capitalization of $16.33 million, a price-to-earnings ratio of -0.27 and a beta of 1.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.41 and a quick ratio of 2.31.
A hedge fund recently bought a new stake in Biocept stock. Sabby Management LLC acquired a new position in Biocept Inc (NASDAQ:BIOC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 962,265 shares of the medical research company’s stock, valued at approximately $668,000. Sabby Management LLC owned 1.51% of Biocept at the end of the most recent reporting period. Institutional investors and hedge funds own 7.56% of the company’s stock.
Biocept, Inc, an early stage molecular oncology diagnostics company, develops and commercializes proprietary circulating tumor cell (CTC) and circulating tumor DNA assays utilizing a standard blood sample. The company's cancer assays provide information to healthcare providers to identify oncogenic alterations that qualify a subset of cancer patients for targeted therapy at diagnosis, progression, and monitoring in order to identify resistance mechanisms.
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