Oxford Immunotec Global (NASDAQ:OXFD) announced its quarterly earnings results on Friday. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.14), Morningstar.com reports. The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $33.60 million. Oxford Immunotec Global had a negative net margin of 23.41% and a negative return on equity of 39.85%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.70) earnings per share.
Shares of OXFD stock traded down $0.09 during trading hours on Friday, hitting $15.67. The stock had a trading volume of 4,846 shares, compared to its average volume of 135,338. The company has a market capitalization of $396.01 million, a P/E ratio of -11.57 and a beta of -0.09. Oxford Immunotec Global has a twelve month low of $10.00 and a twelve month high of $19.19. The company has a current ratio of 5.39, a quick ratio of 4.86 and a debt-to-equity ratio of 0.41.
In related news, CEO Peter Wrighton-Smith sold 86,100 shares of the stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $18.42, for a total transaction of $1,585,962.00. Following the completion of the sale, the chief executive officer now directly owns 539,569 shares of the company’s stock, valued at $9,938,860.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard A. Sandberg sold 3,000 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $15.50, for a total value of $46,500.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at $139,500. The disclosure for this sale can be found here. Insiders sold 149,100 shares of company stock valued at $2,564,662 over the last three months. Corporate insiders own 6.61% of the company’s stock.
Several equities research analysts have recently weighed in on OXFD shares. BidaskClub downgraded Oxford Immunotec Global from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. ValuEngine downgraded Oxford Immunotec Global from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Zacks Investment Research raised Oxford Immunotec Global from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.67.
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About Oxford Immunotec Global
Oxford Immunotec Global PLC, a diagnostics company, focuses on developing and commercializing proprietary tests for underserved immune-regulated conditions. Its development activities principally focus on the areas of infectious diseases, transplantation, autoimmune and inflammatory disease, and immune-oncology.
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