Fortress Biotech (FBIO) Given Daily News Impact Rating of 0.00
Headlines about Fortress Biotech (NASDAQ:FBIO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortress Biotech earned a news impact score of 0.00 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 44.3550140808421 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Fortress Biotech (FBIO) Now Covered by Analysts at B. Riley (americanbankingnews.com)
- Fortress Biotech Announces Aevitas Therapeutics Enters Sponsored Research Agreement with the University of … – GlobeNewswire (press release) (globenewswire.com)
- Fortress Biotech Announces Aevitas Therapeutics Enters Sponsored Research Agreement with the University of Massachusetts Medical School to Advance AAV Gene Therapies (finance.yahoo.com)
- Comparing Fortress Biotech (FBIO) & Syros Pharmaceuticals (SYRS) (americanbankingnews.com)
Shares of Fortress Biotech (FBIO) traded up $0.09 during trading hours on Friday, hitting $4.24. 224,832 shares of the company were exchanged, compared to its average volume of 145,742. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.42. The stock has a market cap of $214.78, a P/E ratio of -2.33 and a beta of 0.45. Fortress Biotech has a 52 week low of $3.13 and a 52 week high of $5.13.
In related news, SVP George Avgerinos sold 25,593 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $3.59, for a total value of $91,878.87. Following the transaction, the senior vice president now directly owns 409,088 shares of the company’s stock, valued at approximately $1,468,625.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 33.30% of the stock is currently owned by insiders.
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About Fortress Biotech
Fortress Biotech, Inc, formerly Coronado Biosciences, Inc, is a biopharmaceutical company. The Company is involved in the development of immunotherapy agents for the treatment of autoimmune diseases and cancer. Its sole product candidate is CNDO-109. The Company is also focused on acquiring, developing and commercializing pharmaceutical and biotechnology products.
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