Vermillion (VRML) Releases Quarterly Earnings Results, Hits Expectations

Vermillion (NASDAQ:VRML) posted its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04), Morningstar.com reports. The business had revenue of $0.77 million during the quarter. Vermillion had a negative return on equity of 201.03% and a negative net margin of 398.14%.

Shares of VRML traded down $0.06 during mid-day trading on Friday, hitting $0.57. The company’s stock had a trading volume of 103,000 shares, compared to its average volume of 123,418. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.74 and a quick ratio of 5.70. Vermillion has a 1-year low of $0.45 and a 1-year high of $2.10.

In other Vermillion news, CEO Valerie Barber Palmieri purchased 97,000 shares of Vermillion stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $0.52 per share, with a total value of $50,440.00. Following the acquisition, the chief executive officer now directly owns 178,063 shares of the company’s stock, valued at $92,592.76. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert Harry Beechey purchased 100,000 shares of Vermillion stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average cost of $0.52 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 291,100 shares of company stock valued at $157,931 and sold 33,473 shares valued at $16,837. 4.25% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Vermillion stock. Manatuck Hill Partners LLC purchased a new stake in Vermillion, Inc. (NASDAQ:VRML) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 379,700 shares of the company’s stock, valued at approximately $296,000. Manatuck Hill Partners LLC owned 0.50% of Vermillion at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.70% of the company’s stock.

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About Vermillion

Vermillion, Inc, together with its subsidiaries, discovers, develops, and commercializes diagnostic and bio-analytical solutions that help physicians to diagnose, treat, and enhance gynecologic health outcomes for women primarily in the United States. The company's diagnostic tests include OVA1, a blood test for the pre-surgical identification of women who are at high risk of having a malignant ovarian tumor; and Overa, a multivariate index assay second generation test to determine the malignancy of ovarian cancer in women.

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Earnings History for Vermillion (NASDAQ:VRML)

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