Biostage, Inc. (BSTG) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Biostage, Inc. (NASDAQ:BSTG) issued its earnings results on Monday. The biotechnology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.03, MarketWatch Earnings reports.
Biostage (NASDAQ:BSTG) opened at 0.42 on Tuesday. The company’s market cap is $15.59 million. The stock has a 50 day moving average of $0.48 and a 200 day moving average of $0.39. Biostage has a one year low of $0.22 and a one year high of $1.42.
Separately, Maxim Group restated a “hold” rating on shares of Biostage in a report on Monday, August 7th.
An institutional investor recently raised its position in Biostage stock. Vanguard Group Inc. increased its stake in shares of Biostage, Inc. (NASDAQ:BSTG) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 773,820 shares of the biotechnology company’s stock after buying an additional 29,902 shares during the period. Vanguard Group Inc. owned about 2.08% of Biostage worth $319,000 at the end of the most recent quarter. Institutional investors own 6.99% of the company’s stock.
Biostage Company Profile
Biostage, Inc, formerly Harvard Apparatus Regenerative Technology, Inc, is a biotechnology company. The Company is engaged in developing bioengineered organ implants based on its Cellframe technology. Its Cellframe technology consists of a biocompatible scaffold that is seeded with the recipient’s own cells.
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