TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) announced its quarterly earnings results on Monday. The medical research company reported ($0.67) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.06, Bloomberg Earnings reports.
Shares of TearLab Corporation (NASDAQ TEAR) traded up $0.11 during midday trading on Tuesday, reaching $0.84. 190,901 shares of the company traded hands, compared to its average volume of 245,077. The company has a debt-to-equity ratio of -2.03, a quick ratio of 2.14 and a current ratio of 2.60. TearLab Corporation has a fifty-two week low of $0.59 and a fifty-two week high of $7.50.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of TearLab Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of TearLab Corporation in a research note on Tuesday, August 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $4.90.
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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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