Vermillion (VRML) Issues Quarterly Earnings Results

Vermillion (NASDAQ:VRML) issued its earnings results on Thursday, March 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04), Morningstar.com reports. Vermillion had a negative return on equity of 150.85% and a negative net margin of 372.45%. The firm had revenue of $0.92 million for the quarter.

Shares of NASDAQ:VRML traded down $0.02 during midday trading on Friday, reaching $1.32. 46,336 shares of the company traded hands, compared to its average volume of 161,965. The company has a current ratio of 3.64, a quick ratio of 3.61 and a debt-to-equity ratio of 0.18. Vermillion has a 12 month low of $0.27 and a 12 month high of $1.57.

In other news, Director David Schreiber sold 30,000 shares of Vermillion stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $1.00, for a total value of $30,000.00. Following the sale, the director now directly owns 137,405 shares of the company’s stock, valued at $137,405. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.25% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VRML. Vanguard Group Inc. increased its position in shares of Vermillion by 16.9% during the third quarter. Vanguard Group Inc. now owns 1,452,612 shares of the company’s stock worth $1,031,000 after purchasing an additional 209,600 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new position in shares of Vermillion in the 3rd quarter valued at $94,000. Vanguard Group Inc boosted its holdings in Vermillion by 16.9% in the third quarter. Vanguard Group Inc now owns 1,452,612 shares of the company’s stock valued at $1,031,000 after purchasing an additional 209,600 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in Vermillion in the fourth quarter valued at $103,000. Finally, Greenwich Wealth Management LLC boosted its holdings in Vermillion by 11.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 241,121 shares of the company’s stock valued at $72,000 after purchasing an additional 24,500 shares during the last quarter. Hedge funds and other institutional investors own 20.89% 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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