Obalon Therptcs (OBLN) Earning Somewhat Favorable News Coverage, Report Shows

News articles about Obalon Therptcs (NASDAQ:OBLN) have trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Obalon Therptcs earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6532510708921 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Shares of Obalon Therptcs (OBLN) opened at $8.05 on Friday. The company has a current ratio of 8.78, a quick ratio of 8.65 and a debt-to-equity ratio of 0.21. Obalon Therptcs has a 1-year low of $7.60 and a 1-year high of $13.18.

Obalon Therptcs (NASDAQ:OBLN) last released its quarterly earnings data on Friday, November 3rd. The company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.12). The company had revenue of $2.79 million during the quarter, compared to analyst estimates of $2.95 million. Obalon Therptcs had a negative net margin of 459.54% and a negative return on equity of 59.77%. equities research analysts expect that Obalon Therptcs will post -1.96 earnings per share for the current year.

A number of research firms have recently issued reports on OBLN. Zacks Investment Research upgraded shares of Obalon Therptcs from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BTIG Research cut their price target on shares of Obalon Therptcs from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 6th. UBS AG restated a “buy” rating and set a $20.00 price target (down previously from $22.00) on shares of Obalon Therptcs in a report on Wednesday, August 9th. Finally, Northland Securities restated a “sell” rating and set a $6.00 price target on shares of Obalon Therptcs in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.

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About Obalon Therptcs

Obalon Therapeutics, Inc is a United States-based commercial-stage medical device company focused on developing and commercializing medical devices to treat obese and overweight people by facilitating weight loss. The Company’s product, Obalon balloon system, is a swallowable, gas-filled intragastric balloon designed to provide weight loss in obese patients.

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