Cancer Genetics Inc (NASDAQ:CGIX) shares were down 7.4% during trading on Thursday . The company traded as low as $0.25 and last traded at $0.25. Approximately 874,498 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 2,606,691 shares. The stock had previously closed at $0.27.
Several research firms have issued reports on CGIX. ValuEngine upgraded Cancer Genetics from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Maxim Group reiterated a “hold” rating on shares of Cancer Genetics in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cancer Genetics presently has a consensus rating of “Hold” and a consensus price target of $4.50.
The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.93 million, a PE ratio of -0.32 and a beta of 1.18.
Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in Cancer Genetics by 106.6% during the fourth quarter. Geode Capital Management LLC now owns 221,803 shares of the medical research company’s stock worth $53,000 after acquiring an additional 114,448 shares in the last quarter. Renaissance Technologies LLC raised its stake in Cancer Genetics by 22.0% during the second quarter. Renaissance Technologies LLC now owns 587,300 shares of the medical research company’s stock worth $523,000 after acquiring an additional 105,900 shares in the last quarter. Vanguard Group Inc raised its stake in Cancer Genetics by 119.8% during the third quarter. Vanguard Group Inc now owns 532,426 shares of the medical research company’s stock worth $554,000 after acquiring an additional 290,146 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Cancer Genetics by 119.8% during the third quarter. Vanguard Group Inc. now owns 532,426 shares of the medical research company’s stock worth $554,000 after acquiring an additional 290,146 shares in the last quarter. Hedge funds and other institutional investors own 11.46% of the company’s stock.
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Cancer Genetics Company Profile (NASDAQ:CGIX)
Cancer Genetics, Inc develops, commercializes, and provides molecular and biomarker-based tests and services in the United States, Europe, and Asia. Its tests enable physicians to personalize the clinical management of each individual patient by providing genomic information to diagnose, monitor, and inform cancer treatment; and enable biotech and pharmaceutical companies involved in oncology and immuno-oncology trials to select candidate populations and reduce adverse drug reactions by providing information regarding genomic factors influencing subject responses to therapeutics.
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