OpGen Inc (OPGN) Expected to Post Earnings of -$1.50 Per Share

Equities research analysts expect OpGen Inc (NASDAQ:OPGN) to post ($1.50) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for OpGen’s earnings. OpGen reported earnings per share of ($5.25) during the same quarter last year, which would suggest a positive year over year growth rate of 71.4%. The business is scheduled to announce its next earnings report after the market closes on Thursday, March 15th.

According to Zacks, analysts expect that OpGen will report full year earnings of ($10.00) per share for the current year. For the next year, analysts anticipate that the company will report earnings of ($2.31) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow OpGen.

A number of research firms have recently weighed in on OPGN. Zacks Investment Research raised shares of OpGen from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Tuesday, November 14th. ValuEngine downgraded shares of OpGen from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Finally, HC Wainwright raised their price objective on shares of OpGen to $9.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th.

A hedge fund recently raised its stake in OpGen stock. Vanguard Group Inc. increased its holdings in OpGen Inc (NASDAQ:OPGN) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 342,860 shares of the medical research company’s stock after buying an additional 5,500 shares during the period. Vanguard Group Inc. owned 1.25% of OpGen worth $219,000 as of its most recent SEC filing.

OpGen (OPGN) traded up $0.13 during trading on Monday, hitting $2.44. 292,188 shares of the stock were exchanged, compared to its average volume of 509,039. OpGen has a 1 year low of $1.78 and a 1 year high of $31.25. The company has a market cap of $12.00 and a P/E ratio of -0.19. The company has a quick ratio of 1.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.03.

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About OpGen

OpGen, Inc (OpGen) is a precision medicine company using molecular diagnostics and informatics to combat infectious disease. The Company is engaged in developing molecular information solutions to combat infectious disease in global healthcare settings, helping to guide clinicians with information about life threatening infections, managing patient outcomes, and the spread of infections caused by multidrug-resistant microorganisms.

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