BioScrip Inc (NASDAQ:BIOS)’s share price reached a new 52-week low during mid-day trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $2.29 and last traded at $2.34, with a volume of 7381472 shares. The stock had previously closed at $2.78.
The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The business had revenue of $183.57 million during the quarter, compared to the consensus estimate of $188.39 million. During the same quarter last year, the company posted ($0.03) earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year.
A number of research firms have weighed in on BIOS. Canaccord Genuity lowered their target price on BioScrip from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Monday. BidaskClub cut BioScrip from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. TheStreet upgraded BioScrip from a “d+” rating to a “c-” rating in a research report on Monday, November 26th. Stephens cut BioScrip from an “overweight” rating to an “equal weight” rating and set a $2.51 price target for the company. in a research report on Monday. Finally, Zacks Investment Research cut BioScrip from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. BioScrip presently has an average rating of “Hold” and an average price target of $4.70.
The firm has a market cap of $355.95 million, a price-to-earnings ratio of -5.32 and a beta of 0.76.
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About BioScrip (NASDAQ:BIOS)
BioScrip, Inc provides infusion solutions in the United States. It engages in the preparation, delivery, administration, and clinical monitoring of pharmaceutical treatments that are administered to a patient through intravenous, subcutaneous, intramuscular, intra-spinal, and enteral methods. The company is primarily involved in the intravenous administration of medications to treat a range of acute and chronic conditions, such as infections, nutritional deficiencies, immunologic and neurologic disorders, cancer, pain, and palliative care.
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