T2 Biosystems (NASDAQ:TTOO – Get Rating) posted its earnings results on Monday. The medical equipment provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01), Fidelity Earnings reports. T2 Biosystems updated its FY 2022 guidance to EPS.
T2 Biosystems Price Performance
Shares of TTOO traded down $0.02 during trading hours on Wednesday, hitting $0.14. The company’s stock had a trading volume of 59,570,834 shares, compared to its average volume of 14,561,928. The company has a market cap of $24.61 million, a price-to-earnings ratio of -0.42 and a beta of 0.48. The business has a 50 day simple moving average of $0.16 and a two-hundred day simple moving average of $0.30. T2 Biosystems has a 52-week low of $0.11 and a 52-week high of $1.12.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TTOO. Alliance Global Partners cut shares of T2 Biosystems from a “buy” rating to a “neutral” rating in a research note on Thursday, July 7th. StockNews.com started coverage on shares of T2 Biosystems in a research note on Wednesday. They set a “hold” rating on the stock. Finally, BTIG Research lowered shares of T2 Biosystems from a “buy” rating to a “neutral” rating in a research report on Thursday, July 7th.
Hedge Funds Weigh In On T2 Biosystems
About T2 Biosystems
T2 Biosystems, Inc, an in vitro diagnostics company, develops diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine.
- Get a free copy of the StockNews.com research report on T2 Biosystems (TTOO)
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