electroCore (ECOR) Posts Earnings Results, Beats Estimates By $0.17 EPS

electroCore (NASDAQ:ECOR) released its quarterly earnings results on Monday. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.17, Fidelity Earnings reports. The business had revenue of $0.39 million during the quarter.

electroCore stock opened at $13.62 on Wednesday. electroCore has a 12-month low of $12.85 and a 12-month high of $20.25.

A number of research firms recently issued reports on ECOR. JMP Securities began coverage on electroCore in a report on Tuesday, July 17th. They issued an “outperform” rating and a $23.00 price target for the company. BTIG Research began coverage on electroCore in a report on Tuesday, July 17th. They issued a “buy” rating and a $20.00 price target for the company.



In other electroCore news, major shareholder Global Health Innovation Merck purchased 166,666 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The stock was acquired at an average cost of $15.00 per share, with a total value of $2,499,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

electroCore Company Profile

electroCore, LLC, a bioelectronic medicine company, engages in developing a range of patient-administered non-invasive vagus nerve stimulation therapies for the treatment of various conditions in neurology, rheumatology, and other fields. It is developing gammaCore, a prescription-only vagus nerve stimulation therapy, for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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