Scpharmaceuticals (SCPH) Issues Quarterly Earnings Results
Scpharmaceuticals (NASDAQ:SCPH) announced its quarterly earnings results on Tuesday. The company reported ($0.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.27), Bloomberg Earnings reports.
Shares of Scpharmaceuticals stock traded up $0.48 during midday trading on Thursday, hitting $12.96. The stock had a trading volume of 83,297 shares, compared to its average volume of 49,273. Scpharmaceuticals has a 52 week low of $11.50 and a 52 week high of $18.17.
Several brokerages have commented on SCPH. Leerink Swann began coverage on Scpharmaceuticals in a research note on Tuesday, December 12th. They set an “outperform” rating and a $20.00 price target for the company. BMO Capital Markets began coverage on Scpharmaceuticals in a research note on Tuesday, December 12th. They set an “outperform” rating and a $24.00 price target for the company. Jefferies Group assumed coverage on Scpharmaceuticals in a research note on Tuesday, December 12th. They set a “buy” rating and a $23.00 price target for the company. Finally, Zacks Investment Research downgraded Scpharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.
scPharmaceuticals, Inc, is a biopharmaceutical company. The Company is engaged in developing pharmaceutical products for subcutaneous delivery. The Company offers sc2Wear Infusor, which is a small pump that attaches to the body using a standard medical adhesive. The sc2Wear Infusor injects the drug into the body slowly, similar to an intravenous (IV) drip.
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