Vermillion (VRML) Releases Earnings Results, Hits Expectations

Vermillion (NASDAQ:VRML) posted its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04), Morningstar.com reports. Vermillion had a negative return on equity of 201.03% and a negative net margin of 398.14%. The company had revenue of $0.77 million during the quarter.

Shares of VRML remained flat at $$0.57 during midday trading on Friday. The stock had a trading volume of 103,021 shares, compared to its average volume of 90,666. Vermillion has a 12 month low of $0.45 and a 12 month high of $2.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.74 and a quick ratio of 5.70.

In other news, CEO Valerie Barber Palmieri bought 97,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was bought at an average price of $0.52 per share, with a total value of $50,440.00. Following the completion of the acquisition, the chief executive officer now owns 178,063 shares of the company’s stock, valued at $92,592.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robert Harry Beechey bought 75,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average cost of $0.61 per share, with a total value of $45,750.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 291,100 shares of company stock valued at $157,931 and have sold 33,473 shares valued at $16,837. 4.25% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Vermillion stock. Lincoln National Corp lifted its position in shares of Vermillion, Inc. (NASDAQ:VRML) by 331.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,461 shares of the company’s stock after buying an additional 99,461 shares during the quarter. Lincoln National Corp owned about 0.18% of Vermillion worth $101,000 as of its most recent SEC filing. Institutional investors own 26.70% of the company’s stock.

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Vermillion Company Profile

Vermillion, Inc, together with its subsidiaries, discovers, develops, and commercializes diagnostic and bio-analytical solutions that help physicians to diagnose, treat, and enhance gynecologic health outcomes for women primarily in the United States. The company's diagnostic tests include OVA1, a blood test for the pre-surgical identification of women who are at high risk of having a malignant ovarian tumor; and Overa, a multivariate index assay second generation test to determine the malignancy of ovarian cancer in women.

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Earnings History for Vermillion (NASDAQ:VRML)

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