TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) posted its quarterly earnings data on Monday. The medical research company reported ($0.67) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.73) by $0.06, Bloomberg Earnings reports.
TearLab Corporation (NASDAQ TEAR) traded up $0.11 during mid-day trading on Tuesday, hitting $0.84. The stock had a trading volume of 190,901 shares, compared to its average volume of 245,077. TearLab Corporation has a 12-month low of $0.59 and a 12-month high of $7.50. The company has a debt-to-equity ratio of -2.03, a quick ratio of 2.14 and a current ratio of 2.60.
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A number of research analysts have recently weighed in on TEAR shares. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price objective on shares of TearLab Corporation in a research report on Tuesday, August 15th. Zacks Investment Research raised TearLab Corporation from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Thursday, August 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $4.90.
About TearLab Corporation
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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