Tocagen Inc (NASDAQ:TOCA) issued its quarterly earnings results on Wednesday. The company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.02), Bloomberg Earnings reports. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million.
Shares of Tocagen (TOCA) traded down $0.22 during trading on Thursday, reaching $10.50. The company’s stock had a trading volume of 474,843 shares, compared to its average volume of 145,540. The company has a debt-to-equity ratio of 0.08, a current ratio of 7.20 and a quick ratio of 7.20. Tocagen has a 52-week low of $8.60 and a 52-week high of $17.95.
A number of analysts have weighed in on TOCA shares. Stifel Nicolaus reiterated a “buy” rating and set a $24.00 price target on shares of Tocagen in a report on Tuesday, July 25th. Zacks Investment Research downgraded Tocagen from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th.
A hedge fund recently bought a new stake in Tocagen stock. California State Teachers Retirement System purchased a new position in shares of Tocagen Inc (NASDAQ:TOCA) in the second quarter, according to its most recent filing with the SEC. The firm purchased 14,900 shares of the company’s stock, valued at approximately $179,000. California State Teachers Retirement System owned 0.09% of Tocagen at the end of the most recent quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.
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Tocagen Company Profile
Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.
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