OpGen, Inc. (OPGN) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of OpGen, Inc. (NASDAQ:OPGN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $1.50 for the company and are expecting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned OpGen an industry rank of 166 out of 265 based on the ratings given to its competitors.

OPGN has been the subject of several recent research reports. Zacks Investment Research lowered shares of OpGen from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. HC Wainwright reiterated a “buy” rating and set a $1.00 target price on shares of OpGen in a report on Monday, September 11th.

OpGen (NASDAQ OPGN) traded up $0.01 during mid-day trading on Friday, hitting $0.23. OpGen has a 12 month low of $0.20 and a 12 month high of $3.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.13 and a current ratio of 1.23.

An institutional investor recently bought a new position in OpGen stock. Perkins Capital Management Inc. purchased a new stake in shares of OpGen, Inc. (NASDAQ:OPGN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,400,000 shares of the medical research company’s stock, valued at approximately $434,000. Perkins Capital Management Inc. owned approximately 2.72% of OpGen as of its most recent SEC filing. Hedge funds and other institutional investors own 12.21% of the company’s stock.

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OpGen Company Profile

OpGen, Inc (OpGen) is a precision medicine company using molecular diagnostics and informatics to combat infectious disease. The Company is engaged in developing molecular information solutions to combat infectious disease in global healthcare settings, helping to guide clinicians with information about life threatening infections, managing patient outcomes, and the spread of infections caused by multidrug-resistant microorganisms.

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