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Shares of Corcept Therapeutics (NASDAQ:CORT) hit a new 52-week high during mid-day trading on Friday, AnalystRatings.Net reports. The stock traded as high as $3.98 and last traded at $3.38, with a volume of 897,168 shares trading hands. The stock had previously closed at $3.73.

Separately, analysts at Stifel Nicolaus downgraded shares of Corcept Therapeutics from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 13th. Five analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $2.33.

Corcept Therapeutics has a 52-week low of $1.47 and a 52-week high of $3.83. The stock has a 50-day moving average of $3.10 and a 200-day moving average of $2.10. The company’s market cap is $343.4 million.

Corcept Therapeutics (NASDAQ:CORT) last issued its quarterly earnings data on Thursday, January 30th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.12) by $0.02. Analysts expect that Corcept Therapeutics will post $-0.46 EPS for the current fiscal year.

Corcept Therapeutics Inc is a United States-based pharmaceutical company. The Company is involved in the discovery and development of drugs that regulate the effects of cortisol or also known as the stress hormone.

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