Zacks Investment Research Upgrades OncoCyte (OCX) to Buy
Zacks Investment Research upgraded shares of OncoCyte (NYSEAMERICAN:OCX) from a hold rating to a buy rating in a research report released on Saturday. Zacks Investment Research currently has $4.75 target price on the biotechnology company’s stock.
According to Zacks, “OncoCyte Corporation is primarily focused on the development of novel, non-invasive blood and urine diagnostic tests for detection of cancer. OncoCyte Corporation is based in Alameda, California. “
Separately, ValuEngine downgraded OncoCyte from a hold rating to a sell rating in a research note on Thursday, October 5th.
OncoCyte (NYSEAMERICAN:OCX) last released its quarterly earnings data on Tuesday, November 14th. The biotechnology company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.01.
An institutional investor recently raised its position in OncoCyte stock. Broadwood Capital Inc. raised its stake in shares of OncoCyte Co. (NYSEAMERICAN:OCX) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,596,680 shares of the biotechnology company’s stock after buying an additional 540,000 shares during the quarter. OncoCyte comprises about 4.5% of Broadwood Capital Inc.’s investment portfolio, making the stock its 5th biggest position. Broadwood Capital Inc. owned about 11.48% of OncoCyte worth $27,155,000 as of its most recent filing with the SEC.
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OncoCyte Company Profile
OncoCyte Corporation is a development-stage biotechnology company focused in the field of regenerative medicine. The Company is developing molecular cancer diagnostics utilizing a discovery platform that focuses on identifying genetic markers expressed in various types of cancer. It operates through the research and development of diagnostic tests for the detection of cancer segment.
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