NeuroMetrix (NURO) Releases Quarterly Earnings Results
NeuroMetrix (NASDAQ:NURO) posted its quarterly earnings results on Thursday. The company reported ($0.85) earnings per share for the quarter, American Banking & Market News reports. The company had revenue of $1.34 million for the quarter, compared to the consensus estimate of $1.16 million.
NeuroMetrix (NASDAQ:NURO) traded down 1.02% during mid-day trading on Thursday, hitting $1.95. 190,592 shares of the company’s stock traded hands. NeuroMetrix has a 52-week low of $1.47 and a 52-week high of $4.25. The stock’s 50-day moving average is $1.98 and its 200-day moving average is $2.21. The company’s market cap is $11.6 million. NeuroMetrix also was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 167,723 shares, a drop of 75.5% from the June 13th total of 685,726 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average trading volume of 398,215 shares, the days-to-cover ratio is currently 0.4 days.
NeuroMetrix, Inc (NASDAQ:NURO) is a science-based health care company transforming patient care through neurotechnology.
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