StockNews.com started coverage on shares of Accelerate Diagnostics (NASDAQ:AXDX – Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the medical research company’s stock.
Accelerate Diagnostics Price Performance
Shares of NASDAQ:AXDX opened at $1.92 on Friday. The stock has a market capitalization of $42.34 million, a PE ratio of -0.47 and a beta of 0.61. The company’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.28. Accelerate Diagnostics has a one year low of $0.73 and a one year high of $7.00.
Accelerate Diagnostics (NASDAQ:AXDX – Get Free Report) last released its earnings results on Thursday, August 8th. The medical research company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.05. The company had revenue of $2.99 million for the quarter, compared to the consensus estimate of $3.00 million. On average, analysts anticipate that Accelerate Diagnostics will post -2.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
About Accelerate Diagnostics
Accelerate Diagnostics, Inc, an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States, Europe, and the Middle East. The company offers Accelerate Pheno system, an in vitro diagnostic platform for the identification and antibiotic susceptibility testing of pathogens associated with serious or health care-associated infections, including gram-positive and gram-negative organisms.
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