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Medpace's stock hit a 52-week low despite beating earnings expectations.
Medpace, a provider of clinical development services, saw its stock hit a new 52-week low at $274.02 before closing at $277.05 on Monday.
Despite a recent "Hold" rating and an average price target of $368.30, the company beat earnings expectations with $3.67 EPS, up from a consensus of $2.96.
Medpace's stock has fluctuated between a 52-week high of $459.77 and a low of $269.36.
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Las acciones de Medpace alcanzaron un nivel bajo de 52 semanas a pesar de superar las expectativas de ingresos.