Inogen Trading 4.7% Higher Following Earnings Beat (INGN)
Inogen (NASDAQ:INGN) traded up 4.7% during trading on Wednesday following a stronger than expected earnings report, Analyst Ratings.Net reports. The company traded as high as $19.60 and last traded at $19.06, with a volume of 322,129 shares. The stock had previously closed at $18.21.
The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.04. The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $23.93 million.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Inogen from $26.00 to $28.00 in a research note on Wednesday. They now have an “overweight” rating on the stock.
The stock’s 50-day moving average is $19.97 and its 200-day moving average is $17.6. The company has a market cap of $346.7 million and a P/E ratio of 42.35.
Inogen, Inc (NASDAQ:INGN) is a medical technology company.
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