Zacks: HTG Molecular Diagnostics Inc (HTGM) Given Consensus Recommendation of “Strong Buy” by Brokerages
HTG Molecular Diagnostics Inc (NASDAQ:HTGM) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $6.00 for the company and are expecting that the company will post ($0.87) earnings per share for the current quarter, according to Zacks. Zacks has also given HTG Molecular Diagnostics an industry rank of 158 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the company. Rodman & Renshaw assumed coverage on HTG Molecular Diagnostics in a report on Monday, August 22nd. They issued a “buy” rating and a $5.00 price target for the company. Zacks Investment Research raised HTG Molecular Diagnostics from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, HC Wainwright reissued a “buy” rating and set a $5.00 price objective on shares of HTG Molecular Diagnostics in a report on Thursday, October 13th.
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HTG Molecular Diagnostics (NASDAQ:HTGM) traded down 4.56% during mid-day trading on Wednesday, hitting $2.51. 45,236 shares of the stock were exchanged. HTG Molecular Diagnostics has a 12-month low of $2.03 and a 12-month high of $6.03. The stock’s market capitalization is $17.70 million. The firm has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.65.
HTG Molecular Diagnostics (NASDAQ:HTGM) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.95) by $0.03. Equities analysts predict that HTG Molecular Diagnostics will post ($3.58) earnings per share for the current fiscal year.
HTG Molecular Diagnostics Company Profile
HTG Molecular Diagnostics, Inc is a commercial-stage company that develops and markets a technology platform to facilitate the routine use of complex molecular profiling. The Company’s HTG Edge and HTG EdgeSeq platforms, consisting of instrumentation, consumables and software analytics, are used in sample profiling applications, including tumor profiling, molecular diagnostic testing and biomarker development.
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