Tokai Pharmaceuticals, Inc. (NVUS) Posts Quarterly Earnings Results
Tokai Pharmaceuticals, Inc. (NASDAQ:NVUS) posted its earnings results on Wednesday. The biopharmaceutical company reported ($0.43) EPS for the quarter, Bloomberg Earnings reports.
Tokai Pharmaceuticals (NVUS) traded up $0.01 during trading hours on Friday, hitting $3.81. 7,117 shares of the stock traded hands, compared to its average volume of 20,912. The company has a quick ratio of 7.86, a current ratio of 7.86 and a debt-to-equity ratio of 0.01. Tokai Pharmaceuticals has a one year low of $3.42 and a one year high of $15.12.
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An institutional investor recently bought a new position in Tokai Pharmaceuticals stock. Vanguard Group Inc. bought a new position in shares of Tokai Pharmaceuticals, Inc. (NASDAQ:NVUS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,803 shares of the biopharmaceutical company’s stock, valued at approximately $251,000. Vanguard Group Inc. owned approximately 5.78% of Tokai Pharmaceuticals at the end of the most recent reporting period. Institutional investors own 39.76% of the company’s stock.
Tokai Pharmaceuticals Company Profile
Novus Therapeutics, Inc, formerly Tokai Pharmaceuticals, Inc, is a pharmaceutical company. The Company is focused on the acquisition, development, and commercialization of ear, nose, and throat products. It has two platforms: OP-01 Foam Platform and OP-02 Surfactant Program. OP-01 is developed with the intent to be used as a delivery vehicle for drugs treating ears, as well as the nasal and sinus cavities.
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