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Enter Symbol:
 
GenMark Diagnostics, Inc (GNMK) [hlAlert]

Rating:
Buy GNMK
down 22.89 %

GenMark Diagnostics, Inc (GNMK) rated Buy with price target $17 by Needham

Posted on: Thursday,  Dec 19, 2013  8:25 AM ET by Needham

Needham rated Buy GenMark Diagnostics, Inc (NASDAQ: GNMK) on 12/19/2013, when the stock price was $12.23. Since
then, GenMark Diagnostics, Inc has lost 22.89% as of 09/16/2015's recent price of $9.43.
If you would have followed this Needham's recommendation on GNMK, you would have lost 22.89% of your investment in 636 days.

GenMark Diagnostics, Inc. (GenMark) is a molecular diagnostics company focused on developing and commercializing its eSensor detection technology. The Company?s electrochemical technology enables detection of up to 72 distinct biomarkers in a single sample. Its XT-8 System has received 510(k) clearance from the United States Food and Drug Administration (FDA), and is designed to support a range of molecular diagnostic tests with a compact workstation and self-contained, disposable test cartridges. Within 30 minutes of receipt of an amplified deoxyribonucleic acid (DNA) sample, its XT-8 System produces results. The XT-8 System supports up to 24 test cartridges, which can be run independently, and are targeted for hospitals and reference laboratories. The Company is also developing its next-generation platform, the AD-8 System, to integrate DNA amplification with its eSensor detection technology to enable technicians to place a minimally prepared patient sample into its test cartridge.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2013 8:25 AM Buy
None
12.23 17.00
as of 8/27/2015
1 Week up  12.39 %
1 Month down  -2.88 %
3 Months up  0.10 %
1 YTD down  -29.04 %

(*) Stock Price at the time of the recommendation.
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