TrovaGene, Inc. (TROV) Releases Quarterly Earnings Results
TrovaGene, Inc. (NASDAQ:TROV) posted its earnings results on Thursday. The medical research company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02, Bloomberg Earnings reports. TrovaGene had a negative net margin of 10,390.96% and a negative return on equity of 201.07%. The firm had revenue of $0.12 million for the quarter.
TrovaGene (NASDAQ TROV) traded down $0.01 during trading on Friday, hitting $0.67. 510,511 shares of the company’s stock traded hands, compared to its average volume of 581,799. TrovaGene has a 1 year low of $0.61 and a 1 year high of $3.50.
Several equities analysts have commented on the stock. Maxim Group cut shares of TrovaGene from a “buy” rating to a “hold” rating in a research report on Friday. Cantor Fitzgerald reissued an “overweight” rating on shares of TrovaGene in a research report on Tuesday, August 8th.
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TrovaGene Company Profile
Trovagene, Inc (TrovaGene) is a molecular diagnostic company. The Company focuses on the development and commercialization of a molecular diagnostic technology for use in disease detection and monitoring across a range of medical disciplines. Its primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.
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