Something More To Targeted Genetics?

by Jon C. Ogg
24/7 Wall St.



Targeted Genetics (TGEN) is doing something unbelievable today. The company posted actual earning this morning when it was supposed to lose money according the entire large coverage universe of one single analyst. The company posted $0.08 EPS on income of $808,000 on roughly $4 million in revenues. Shares closed yesterday at $2.57, opened just north of $3.00, and shares are now over $4.00 on 16+ million shares.

On last look TGEN was up at $4.35 on 16 million shares and its 52-week trading range is $1.71 to $7.16. Just 4 years ago this was a $20+ stock, so with a springloaded earnings like this it isn't as surprising as it would be on other days. Its market cap After this run is a mere $47 million. This company is so small that it almost never gets mentioned any longer.


Source: 247WallSt.com



RELATED READING:
- Why Doesn't Biogen Idec Just Buyout Target Genetics?
- Targeted Genetics Jumps 52% with No News!

____________________