electroCore (NASDAQ:ECOR) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

electroCore (NASDAQ:ECOR) issued its quarterly earnings results on Wednesday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06), Zacks reports. electroCore had a negative return on equity of 154.45% and a negative net margin of 54.40%.

electroCore Price Performance

electroCore stock traded down $0.18 during mid-day trading on Wednesday, reaching $13.00. The stock had a trading volume of 194,750 shares, compared to its average volume of 60,325. The company has a market capitalization of $86.53 million, a price-to-earnings ratio of -7.10 and a beta of 0.24. electroCore has a one year low of $5.32 and a one year high of $19.49. The company has a 50-day moving average price of $16.22 and a two-hundred day moving average price of $12.26.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their price objective on shares of electroCore from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th.

electroCore Company Profile

electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.