GenMark Diagnostics, Inc. (GNMK) Shares Up 0% After Insider Buying Activity

Genmark Diagnostics (NASDAQ:GNMK)'s price sits -53.24% off from its 50-day moving average of $8.5 and -63.46% away from the stock's 200-day moving average which is $10.82. For the next financial year, analysts expect that the company will post sales of $94.48 million per share, with estimates ranging from $89.00 million to $99.00 million. Needham maintained GenMark Diagnostics, Inc (NASDAQ:GNMK) rating on Tuesday, January 24. The Becker Capital Management Inc holds 558,760 shares with $36.19M value, down from 591,210 last quarter.

GNMK has been the subject of several recent analyst reports.

Genmark Diagnostics (NASDAQ:GNMK) shares traded on -10.56% below secure line and closed at $3.81. GenMark Diagnostics's revenue for the quarter was up 27.1% compared to the same quarter past year.

Michael Kagnoff also recently made the following trade (s): On Monday, November 14th, Michael Kagnoff purchased 2,000 shares of GenMark Diagnostics stock. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

While having a peek at profitability ratios Genmark Diagnostics (NASDAQ:GNMK) has trailing twelve month gross margin at 51.7%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. Canaccord Genuity reaffirmed a "buy" rating and set a $14.00 price objective on shares of GenMark Diagnostics in a report on Monday, October 30th.

The company reported its EPS on 6/29/2017. The medical equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.26) by ($0.02). The stock presently has a consensus rating of "Hold" and a consensus price target of $12.20.

ILLEGAL ACTIVITY WARNING: "GenMark Diagnostics, Inc". The difference between the expected and actual EPS was $-0.05/share, which represents an Earnings surprise of -15.6%. They set a "buy" rating and a $13.00 price target on the stock. Finally, Artisan Partners Limited Partnership grew its holdings in GenMark Diagnostics by 25.2% during the second quarter.

Analysts have given a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Wherethe relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. If you are accessing this piece of content on another website, it was stolen and reposted in violation of US & worldwide copyright law. The regular trading started at $1.39 but as the trading progressed, the stock receded, completing the session with a decline of -6.23%. For the current year the company's revenue estimates are $64.05 Million compared to low analyst estimates of $60 Million and high estimates of $65.4 Million according to the prediction of 8 analysts. Following the transaction, the senior vice president now directly owns 155,889 shares in the company, valued at approximately $1,415,472.12. The company has market cap of $498.27 million. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $82,600.00. The disclosure for this purchase can be found here. Ghost Tree Capital Llc owns 825,000 shares or 2.03% of their USA portfolio. Marshall Wace North America L.P. now owns 544,020 shares of the medical equipment provider's stock worth $6,528,000 after purchasing an additional 515,200 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of GenMark Diagnostics by 25.2% during the 2nd quarter. Legal & General Group Plc increased its stake in shares of GenMark Diagnostics by 2.1% in the 2nd quarter. Northpointe Capital LLC now owns 1,512,734 shares of the company's stock worth $13,161,000 after buying an additional 510,472 shares during the last quarter. Quantitative Systematic Strategies Ltd Liability Corp stated it has 0.04% of its portfolio in GenMark Diagnostics, Inc (NASDAQ:GNMK). Jpmorgan Chase And has invested 0.01% of its portfolio in GenMark Diagnostics, Inc (NASDAQ:GNMK).

GenMark Diagnostics, Inc is a molecular diagnostics company.

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