Aegis Initiates Coverage on CombiMatrix Corporation (CBMX)

Aegis began coverage on shares of CombiMatrix Corporation (NASDAQ:CBMX) in a research report issued to clients and investors on Thursday, July 13th, Marketbeat.com reports. The firm set a “buy” rating and a $8.10 price target on the medical research company’s stock. Aegis’ price objective would suggest a potential upside of 10.96% from the company’s current price.

Shares of CombiMatrix Corporation (NASDAQ:CBMX) opened at 7.30 on Thursday. The firm’s 50-day moving average is $5.54 and its 200-day moving average is $4.93. CombiMatrix Corporation has a one year low of $2.15 and a one year high of $7.90. The company’s market cap is $21.24 million.

CombiMatrix Corporation (NASDAQ:CBMX) last announced its earnings results on Thursday, August 3rd. The medical research company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The company had revenue of $4.24 million during the quarter, compared to analyst estimates of $3.89 million. CombiMatrix Corporation had a negative net margin of 15.53% and a negative return on equity of 35.27%. On average, equities analysts anticipate that CombiMatrix Corporation will post ($0.52) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Aegis Initiates Coverage on CombiMatrix Corporation (CBMX)” was published by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/markets/combimatrix-corporation-cbmx-coverage-initiated-by-analysts-at-aegis-updated-updated-updated/1198671.html.

A hedge fund recently raised its stake in CombiMatrix Corporation stock. Essex Investment Management Co. LLC increased its stake in CombiMatrix Corporation (NASDAQ:CBMX) by 94.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,878 shares of the medical research company’s stock after buying an additional 12,564 shares during the period. Essex Investment Management Co. LLC owned 0.89% of CombiMatrix Corporation worth $138,000 at the end of the most recent reporting period. 11.49% of the stock is currently owned by institutional investors.

About CombiMatrix Corporation

CombiMatrix Corporation is a provider of molecular diagnostic solutions. The Company specializes in pre-implantation genetic screening, miscarriage analysis, prenatal diagnosis and pediatric developmental disorders, offering deoxyribonucleic acid-based testing for the detection of genetic abnormalities, which cannot be identified through traditional methodologies.

Receive News & Ratings for CombiMatrix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CombiMatrix Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Greg Holland Out For Rockies Following Kitchen Incident
Greg Holland Out For Rockies Following Kitchen Incident
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Sonny Gray Acquired By Yankees from Athletics
Sonny Gray Acquired By Yankees from Athletics
Adrian Beltre Reaches 3,000 Careers Hits
Adrian Beltre Reaches 3,000 Careers Hits


Leave a Reply

 
© 2006-2017 BBNS.