Economy

Unbiased Equity Research: T2 Biosystems, Inc. (TTOO), CSRA Inc. (CSRA)

The company was initiated on Tuesday, July 21 by BTIG Research. Out of the analyst recommendations 2 rate T2 Biosystems CS (NASDAQ:TTOO) stock a Buy, 0 rate the stock Outperform, 3 rate Hold, 0 rate Underperform and 0 recommend a Sell. Calculated by dividing T2 Biosystems, Inc.'s annual earnings by its total assets, investors will note a return on assets of -71.60%.

T2 Biosystems CS (NASDAQ:TTOO) as of recent trade, has shown weekly downbeat performance of -4.64% which was maintained at 10.24% in 1-month period. The medical equipment provider reported ($0.50) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.49) by ($0.01). Analysts review historical return data when trying to predict future returns, or to estimate how a security might react to a particular situation, such as a drop in consumer demand.

Several research analysts have commented on the stock. More interesting news about T2 Biosystems Inc (NASDAQ:TTOO) were released by: Globenewswire.com and their article: "T2 Biosystems Announces 11 New Patents Granted in 2017" published on August 30, 2017 as well as Globenewswire.com's news article titled: "T2 Biosystems Reports First Quarter 2017 Results and Corporate Update" with publication date: May 02, 2017. The company was upgraded on Wednesday, July 20 by WBB Securities. The stock has "Hold" rating by BTIG Research on Sunday, August 16. The company's forward price to earnings ratio for next fiscal year is 0. It also reduced Oshkosh Corp (NYSE:OSK) stake by 72,150 shares and now owns 242,890 shares. After $-0.50 actual earnings per share reported by T2 Biosystems Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The stock ended last trade at $10.02 a share and the price is up more than -40.64% so far this year. Essex Investment Management Co. The SI to T2 Biosystems Incorporated's float is 9.35%. In contrast, Investor's Business Daily's William O'Neil thinks that institutional investors are important to driving up stock prices because they provide the largest source of demand for stocks.

Returns and Valuations for T2 Biosystems, Inc. During the past three months the stock gain 29.89%, bringing six months performance to -25.41%. Paying attention to these occurrences can greatly help the investor spot potential buying opportunities in the equity market.

03/15/2017 - T2 Biosystems, Inc. was downgraded to "underweight" by analysts at Morgan Stanley. If you are reading this article on another website, it was stolen and republished in violation of USA & global trademark & copyright legislation. About 5.49M shares traded or 1412.88% up from the average. It has a market cap of $186.99 Million. After the latest session, which saw the stock close at a price of $4.52, TTOO sits -43.78% below its 52-week high. T2 Biosystems has a 1-year low of $2.50 and a 1-year high of $8.04.

T2 Biosystems, Inc.is an in vitro diagnostics firm engaged in developing a technology platform offering an alternative to diagnostic methodologies. The Company's T2 Magnetic Resonance platform enables detection of pathogens, biomarkers and other abnormalities in a range of unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum and urine, and can detect cellular targets at limits of detection as one colony forming unit per milliliter (CFU/mL).



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