Aradigm Corporation (ARDM) Issues Quarterly Earnings Results
Aradigm Corporation (NASDAQ:ARDM) released its earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.37, Bloomberg Earnings reports. Aradigm Corporation had a negative return on equity of 665.03% and a negative net margin of 1,515.94%. The firm had revenue of $7.68 million during the quarter.
Shares of Aradigm Corporation (NASDAQ:ARDM) traded up 6.8779% on Friday, hitting $1.4001. The stock had a trading volume of 131,850 shares. Aradigm Corporation has a 1-year low of $0.78 and a 1-year high of $7.19. The company’s market capitalization is $20.73 million. The firm has a 50-day moving average of $1.34 and a 200 day moving average of $1.52.
Separately, Zacks Investment Research cut Aradigm Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd.
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Aradigm Corporation Company Profile
Aradigm Corporation is a pharmaceutical company focused on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. The Company’s lead product candidate is Pulmaquin inhaled ciprofloxacin, which is in Phase III clinical trials. It offers AERx pulmonary drug delivery platform and other technologies.
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