Share on StockTwits

Cancer Genetics (NASDAQ:CGIX) traded down 7.1% during trading on Thursday after the company announced weaker than expected quarterly earnings, Stock Ratings News reports. The company traded as low as $9.01 and last traded at $9.15, with a volume of 72,296 shares. The stock had previously closed at $9.85.

The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.37) by $0.13. The company had revenue of $3.20 million for the quarter, compared to the consensus estimate of $2.13 million.

A number of research firms have recently commented on CGIX. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Cancer Genetics in a research note on Thursday. They now have a $25.00 price target on the stock, down previously from $30.00.

The stock has a 50-day moving average of $10.4 and a 200-day moving average of $13.77. The company’s market cap is $85.2 million.

Cancer Genetics, Inc (NASDAQ:CGIX) is an early-stage, diagnostic company.

Receive News & Ratings for Cancer Genetics Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cancer Genetics Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.