Electrocore (ECOR) Sets New 52-Week Low at $5.26

Shares of Electrocore (NASDAQ:ECOR) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.26 and last traded at $5.30, with a volume of 93785 shares traded. The stock had previously closed at $6.35.

Several analysts have issued reports on ECOR shares. BTIG Research reissued a “buy” rating on shares of Electrocore in a research note on Thursday, November 15th. Zacks Investment Research downgraded shares of Electrocore from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, Cantor Fitzgerald started coverage on shares of Electrocore in a research note on Friday, September 21st. They set an “overweight” rating for the company.

Electrocore (NASDAQ:ECOR) last posted its quarterly earnings results on Tuesday, November 13th. The company reported ($0.45) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.45). The company had revenue of $0.15 million for the quarter. On average, research analysts expect that Electrocore will post -1.13 earnings per share for the current year.

In related news, Director Carrie Smith Cox purchased 7,300 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was purchased at an average price of $6.79 per share, with a total value of $49,567.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Electrocore during the third quarter valued at approximately $140,000. Point72 Asset Management L.P. bought a new stake in shares of Electrocore during the second quarter valued at approximately $206,000. SCP Investment LP bought a new stake in shares of Electrocore during the third quarter valued at approximately $260,000. Bfsg LLC bought a new stake in shares of Electrocore during the third quarter valued at approximately $301,000. Finally, Citadel Advisors LLC bought a new stake in shares of Electrocore during the second quarter valued at approximately $427,000. 16.31% of the stock is owned by hedge funds and other institutional investors.

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About Electrocore (NASDAQ:ECOR)

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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