Stellar Biotechnologies, Inc. (NASDAQ:SBOT) Announces Quarterly Earnings Results
Stellar Biotechnologies, Inc. (NASDAQ:SBOT) posted its earnings results on Wednesday. The biotechnology company reported ($0.12) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12), Bloomberg Earnings reports. The company had revenue of $0.02 million for the quarter, compared to analyst estimates of $0.34 million. Stellar Biotechnologies had a negative return on equity of 50.56% and a negative net margin of 774.21%.
Stellar Biotechnologies (SBOT) traded down 8.06% during mid-day trading on Thursday, hitting $1.14. The company had a trading volume of 41,357 shares. The company’s market cap is $11.56 million. Stellar Biotechnologies has a one year low of $1.05 and a one year high of $3.00. The company’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.45.
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About Stellar Biotechnologies
Stellar Biotechnologies, Inc is a biotechnology company. The Company is engaged in the aquaculture, research and development, manufacture and commercialization of Keyhole Limpet Hemocyanin (KLH). KLH is an immune-stimulating protein. KLH can be used as an active pharmaceutical ingredient (API) and combined with a disease-targeting agent to create immunotherapies for the treatment of a range of diseases.
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