Published On: Fri, Sep 16th, 2016

OncoCyte Corp (OCX) Cut to Sell at Zacks Investment Research

OncoCyte Corp (NYSE:OCX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
According to Zacks, “OncoCyte Corporation is primarily focused on the development of novel, non-invasive blood and urine diagnostic tests for detection of cancer. OncoCyte Corporation is based in Alameda, California. “
Several other analysts have also recently commented on the company. Canaccord Genuity reiterated a “buy” rating on shares of OncoCyte Corp in a report on Wednesday, June 15th. Benchmark Co. increased their price target on OncoCyte Corp from $7.50 to $8.00 and gave the stock a “speculative buy” rating in a report on Tuesday, June 7th.

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Shares of OncoCyte Corp (NYSE:OCX) traded down 0.9975% during trading on Thursday, reaching $3.9799. 14,497 shares of the company were exchanged. The firm’s 50 day moving average price is $3.99 and its 200 day moving average price is $4.44. The company’s market capitalization is $101.21 million. OncoCyte Corp has a one year low of $2.45 and a one year high of $10.24.
OncoCyte Corp (NYSE:OCX) last announced its earnings results on Thursday, August 11th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Equities research analysts forecast that OncoCyte Corp will post $0.04 earnings per share for the current fiscal year.
OncoCyte Corp Company Profile
OncoCyte Corporation is a development-stage biotechnology company focused in the field of regenerative medicine. The Company is developing molecular cancer diagnostics utilizing a discovery platform that focuses on identifying genetic markers expressed in various types of cancer. It operates through the research and development of diagnostic tests for the detection of cancer segment.

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