Shares of electroCore, Inc. (NASDAQ:ECOR) rose 6.7% during mid-day trading on Wednesday . The company traded as high as $1.28 and last traded at $1.27, approximately 160,288 shares were traded during mid-day trading. A decline of 20% from the average daily volume of 200,289 shares. The stock had previously closed at $1.19.

ECOR has been the topic of a number of recent research reports. Evercore ISI reaffirmed a “buy” rating and issued a $9.00 price objective on shares of electroCore in a research note on Wednesday, November 13th. Zacks Investment Research cut shares of electroCore from a “hold” rating to a “sell” rating in a research note on Tuesday. Cantor Fitzgerald reduced their price objective on shares of electroCore from $9.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, JMP Securities cut shares of electroCore from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.95.

The stock has a market capitalization of $35.12 million, a P/E ratio of -1.07 and a beta of 2.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.80 and a quick ratio of 3.50. The business’s 50 day simple moving average is $1.46 and its 200-day simple moving average is $1.86.

electroCore (NASDAQ:ECOR) last announced its quarterly earnings data on Wednesday, November 13th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). The business had revenue of $0.68 million for the quarter. Research analysts anticipate that electroCore, Inc. will post -1.53 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC acquired a new stake in electroCore in the second quarter worth $99,000. Vanguard Group Inc. raised its holdings in electroCore by 4.8% in the second quarter. Vanguard Group Inc. now owns 664,936 shares of the company’s stock worth $1,330,000 after purchasing an additional 30,671 shares during the period. BlackRock Inc. raised its holdings in electroCore by 3.7% in the second quarter. BlackRock Inc. now owns 575,248 shares of the company’s stock worth $1,150,000 after purchasing an additional 20,536 shares during the period. Valeo Financial Advisors LLC raised its holdings in electroCore by 75.0% in the third quarter. Valeo Financial Advisors LLC now owns 45,500 shares of the company’s stock worth $100,000 after purchasing an additional 19,500 shares during the period. Finally, State Street Corp raised its holdings in electroCore by 9.5% in the third quarter. State Street Corp now owns 206,659 shares of the company’s stock worth $453,000 after purchasing an additional 18,003 shares during the period. 9.92% of the stock is currently owned by hedge funds and other institutional investors.

About electroCore (NASDAQ:ECOR)

electroCore, Inc, a bioelectronic medicine company, engages in developing a range of patient-administered non-invasive vagus nerve (VNS) stimulation therapies for the treatment of various conditions in neurology, rheumatology, and other fields. The company is developing gammaCore, a prescription-only non-invasive VNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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