International Assets Investment Management LLC raised its holdings in shares of electroCore, Inc. (NASDAQ:ECOR - Free Report) by 689.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,146 shares of the company's stock after buying an additional 467,326 shares during the period. International Assets Investment Management LLC owned about 8.91% of electroCore worth $3,864,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its stake in shares of electroCore by 3.4% in the 2nd quarter. Renaissance Technologies LLC now owns 68,786 shares of the company's stock valued at $442,000 after acquiring an additional 2,270 shares during the period. 26.74% of the stock is owned by hedge funds and other institutional investors.
electroCore Stock Performance
Shares of NASDAQ:ECOR traded up $0.13 during midday trading on Friday, hitting $11.53. 123,550 shares of the company's stock traded hands, compared to its average volume of 20,244. electroCore, Inc. has a twelve month low of $5.02 and a twelve month high of $12.01. The company has a market cap of $74.33 million, a PE ratio of -5.24 and a beta of 0.62. The firm's fifty day moving average price is $7.55 and its two-hundred day moving average price is $6.73.
electroCore (NASDAQ:ECOR - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.01. The company had revenue of $6.14 million during the quarter, compared to the consensus estimate of $5.85 million. electroCore had a negative return on equity of 165.17% and a negative net margin of 66.84%. During the same quarter in the prior year, the business earned ($1.03) earnings per share. As a group, equities research analysts anticipate that electroCore, Inc. will post -1.32 EPS for the current fiscal year.
Insider Buying and Selling at electroCore
In other news, Director Thomas J. Errico acquired 5,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $6.12 per share, for a total transaction of $30,600.00. Following the acquisition, the director now directly owns 233,818 shares of the company's stock, valued at $1,430,966.16. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 19.70% of the stock is owned by corporate insiders.
electroCore Company Profile
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Free Report)
electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.
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