Ra Pharmctl Inc (NASDAQ:RARX) Issues Earnings Results
Ra Pharmctl Inc (NASDAQ:RARX) issued its earnings results on Wednesday. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.50) by $0.06, Bloomberg Earnings reports.
Shares of Ra Pharmctl (NASDAQ RARX) traded down 0.52% during trading on Thursday, reaching $13.52. 143,615 shares of the company’s stock were exchanged. Ra Pharmctl has a 12-month low of $12.05 and a 12-month high of $27.84. The company has a 50 day moving average of $16.56 and a 200 day moving average of $20.33. The stock’s market cap is $305.11 million.
RARX has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Ra Pharmctl from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price on shares of Ra Pharmctl in a research note on Wednesday, April 26th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $19.00 target price on shares of Ra Pharmctl in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Ra Pharmctl has an average rating of “Buy” and a consensus price target of $27.00.
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In other news, major shareholder Bioventures Ltd Novartis sold 9,019 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $25.50, for a total value of $229,984.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 208,880 shares of company stock worth $4,946,431 over the last three months. Insiders own 14.50% of the company’s stock.
Ra Pharmctl Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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