ADMA Biologics Inc (ADMA) Releases Quarterly Earnings Results, Misses Expectations By $0.29 EPS
ADMA Biologics Inc (NASDAQ:ADMA) announced its quarterly earnings data on Friday. The biotechnology company reported ($0.55) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.29, Bloomberg Earnings reports. The firm had revenue of $3.40 million for the quarter, compared to analysts’ expectations of $3.52 million.
Shares of ADMA Biologics (ADMA) traded up 1.03% during mid-day trading on Friday, hitting $2.94. 36,784 shares of the stock traded hands. The stock’s market cap is $37.88 million. The firm has a 50 day moving average of $3.47 and a 200 day moving average of $4.19. ADMA Biologics has a 12 month low of $2.76 and a 12 month high of $7.70.
Several analysts have recently commented on ADMA shares. Maxim Group set a $13.00 price objective on shares of ADMA Biologics and gave the company a “buy” rating in a research report on Monday, May 15th. ValuEngine downgraded shares of ADMA Biologics from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
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ADMA Biologics Company Profile
ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.
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