HTG Molecular Diagnostics (NASDAQ:HTGM) Issues Q1 2021 Earnings Guidance

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HTG Molecular Diagnostics (NASDAQ:HTGM) updated its first quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $1.40 million-$1.40 million, compared to the consensus revenue estimate of $2.39 million.

Separately, Zacks Investment Research downgraded shares of HTG Molecular Diagnostics from a buy rating to a hold rating in a research report on Monday, February 1st.

HTGM traded down $0.07 on Tuesday, reaching $4.43. 115,655 shares of the company traded hands, compared to its average volume of 144,550. The stock’s 50 day moving average price is $5.14 and its 200-day moving average price is $4.64. HTG Molecular Diagnostics has a 52-week low of $3.78 and a 52-week high of $13.80. The company has a market cap of $27.53 million, a price-to-earnings ratio of -1.07 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.74 and a quick ratio of 5.48.

HTG Molecular Diagnostics (NASDAQ:HTGM) last announced its quarterly earnings data on Wednesday, March 24th. The medical research company reported ($0.93) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.10) by $0.17. HTG Molecular Diagnostics had a negative net margin of 194.78% and a negative return on equity of 101.81%. As a group, equities research analysts forecast that HTG Molecular Diagnostics will post -4.72 earnings per share for the current fiscal year.

About HTG Molecular Diagnostics

HTG Molecular Diagnostics, Inc a commercial stage life sciences company, focuses on the precision medicine. The company offers instrumentation; consumables comprising assay kits; and software that automate sample processing and profiles various molecular targets. Its platforms generate a molecular profiling library for detection using next-generation sequencing.

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Earnings History and Estimates for HTG Molecular Diagnostics (NASDAQ:HTGM)

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