Electrocore (ECOR) Hits New 52-Week Low at $5.79

Electrocore (NASDAQ:ECOR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.79 and last traded at $6.05, with a volume of 11599 shares changing hands. The stock had previously closed at $6.40.

A number of brokerages have issued reports on ECOR. Cantor Fitzgerald began coverage on shares of Electrocore in a research note on Friday, September 21st. They set an “overweight” rating for the company. BTIG Research reissued a “buy” rating on shares of Electrocore in a research note on Thursday, November 15th.

Electrocore (NASDAQ:ECOR) last issued its earnings results on Tuesday, November 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.45). The company had revenue of $0.15 million for the quarter. On average, research analysts anticipate that Electrocore will post -0.91 earnings per share for the current year.

Several large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Electrocore during the 3rd quarter valued at $140,000. Point72 Asset Management L.P. boosted its stake in shares of Electrocore by 1,271.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 171,401 shares of the company’s stock valued at $2,400,000 after buying an additional 158,901 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Electrocore during the 3rd quarter valued at $780,000. SCP Investment LP acquired a new stake in shares of Electrocore during the 3rd quarter valued at $260,000. Finally, AWM Investment Company Inc. boosted its stake in shares of Electrocore by 12.7% during the 3rd quarter. AWM Investment Company Inc. now owns 310,062 shares of the company’s stock valued at $4,341,000 after buying an additional 35,062 shares during the period. 16.56% of the stock is owned by 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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