Ocera Therapeutics Inc. (OCRX) Stock Price Down 6%
Ocera Therapeutics Inc. (NASDAQ:OCRX)’s share price dropped 6% on Tuesday . The stock traded as low as $2.30 and last traded at $2.33, with a volume of 421,371 shares traded. The stock had previously closed at $2.48.
Separately, Zacks Investment Research upgraded Ocera Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, August 9th.
The stock’s market cap is $51.57 million. The company has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.64.
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Ocera Therapeutics (NASDAQ:OCRX) last issued its quarterly earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.02. Ocera Therapeutics had a negative return on equity of 97.93% and a negative net margin of 23,955.08%. Analysts anticipate that Ocera Therapeutics Inc. will post ($1.34) earnings per share for the current year.
Several institutional investors have recently modified their holdings of OCRX. Deerfield Management Co. boosted its position in shares of Ocera Therapeutics by 660.9% in the second quarter. Deerfield Management Co. now owns 572,893 shares of the biopharmaceutical company’s stock valued at $1,088,000 after buying an additional 497,600 shares during the period. Sabby Management LLC boosted its position in shares of Ocera Therapeutics by 6.3% in the second quarter. Sabby Management LLC now owns 424,035 shares of the biopharmaceutical company’s stock worth $806,000 after buying an additional 25,000 shares during the last quarter. Bridgeway Capital Management Inc. boosted its position in shares of Ocera Therapeutics by 55.2% in the second quarter. Bridgeway Capital Management Inc. now owns 210,860 shares of the biopharmaceutical company’s stock worth $401,000 after buying an additional 75,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ocera Therapeutics by 1.2% in the second quarter. Vanguard Group Inc. now owns 408,835 shares of the biopharmaceutical company’s stock worth $777,000 after buying an additional 4,900 shares during the last quarter. Finally, Vivo Capital LLC bought a new position in shares of Ocera Therapeutics during the first quarter worth about $451,000. Institutional investors own 36.03% of the company’s stock.
About Ocera Therapeutics
Ocera Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on acute and chronic orphan liver diseases. The Company is focused on the development and commercialization of its clinical candidate, OCR-002, for the treatment of hepatic encephalopathy (HE). OCR-002 is a molecule, ornithine phenylacetate, which functions as an ammonia scavenger.
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