Somewhat Positive Media Coverage Somewhat Unlikely to Affect Kala Pharmaceuticals (KALA) Share Price
Press coverage about Kala Pharmaceuticals (NASDAQ:KALA) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kala Pharmaceuticals earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.6587389795431 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Kala Pharmaceuticals (NASDAQ KALA) traded down $0.49 during midday trading on Friday, reaching $14.93. The company had a trading volume of 441,745 shares, compared to its average volume of 493,980. The company has a debt-to-equity ratio of 0.14, a quick ratio of 11.00 and a current ratio of 11.00. Kala Pharmaceuticals has a one year low of $11.81 and a one year high of $26.75.
Kala Pharmaceuticals (NASDAQ:KALA) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.14). equities analysts forecast that Kala Pharmaceuticals will post -2.22 earnings per share for the current year.
In other Kala Pharmaceuticals news, major shareholder Orbimed Advisors Llc purchased 240,484 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average cost of $13.28 per share, with a total value of $3,193,627.52. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
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About Kala Pharmaceuticals
Kala Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics through its nanoparticle-based Mucus Penetrating Particles, or MPP, technology. The Company’s initial focus is on the treatment of eye diseases. The Company’s product candidate includes KPI-121 1%, KPI-121 0.25% and MPP rTKI Program.
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