electroCore (NASDAQ:ECOR) Stock Price Down 2.3% - Should You Sell?

electroCore, Inc. (NASDAQ:ECOR - Get Free Report)'s stock price was down 2.3% during trading on Monday . The stock traded as low as $7.00 and last traded at $7.10. Approximately 69,283 shares were traded during trading, a decline of 35% from the average daily volume of 107,328 shares. The stock had previously closed at $7.27.

electroCore Price Performance

The stock has a market cap of $57.89 million, a P/E ratio of -4.97 and a beta of 0.80. The company has a fifty day moving average of $5.87 and a 200 day moving average of $9.32.

electroCore (NASDAQ:ECOR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.09. electroCore had a negative return on equity of 149.04% and a negative net margin of 46.24%. The company had revenue of $6.72 million for the quarter, compared to analysts' expectations of $6.93 million. As a group, analysts anticipate that electroCore, Inc. will post -1.49 EPS for the current year.

Insider Activity at electroCore

In related news, Director Thomas J. Errico purchased 10,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $4.77 per share, for a total transaction of $47,700.00. Following the acquisition, the director directly owned 266,401 shares in the company, valued at approximately $1,270,732.77. The trade was a 3.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On electroCore

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in electroCore by 31,250.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company's stock worth $61,000 after purchasing an additional 3,750 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in shares of electroCore by 25.5% during the first quarter. Jaffetilchin Investment Partners LLC now owns 32,983 shares of the company's stock valued at $221,000 after buying an additional 6,700 shares during the last quarter. DnB Asset Management AS acquired a new position in electroCore in the fourth quarter worth about $180,000. XTX Topco Ltd acquired a new position in electroCore in the first quarter worth about $90,000. Finally, Jump Financial LLC bought a new stake in electroCore during the first quarter worth about $95,000. 26.74% of the stock is currently owned by institutional investors.

electroCore Company Profile

electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.