Anavex Life Sciences (AVXL) Issues Quarterly Earnings Results

Anavex Life Sciences (NASDAQ:AVXL) released its earnings results on Thursday. The biotechnology company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.03), MarketWatch Earnings reports.

Shares of NASDAQ:AVXL traded up $0.30 during midday trading on Friday, reaching $2.34. 443,743 shares of the company’s stock traded hands, compared to its average volume of 125,428. The company has a market cap of $96.12 million, a P/E ratio of -6.00 and a beta of 2.41. Anavex Life Sciences has a one year low of $1.25 and a one year high of $4.35.

A number of research analysts have recently issued reports on AVXL shares. Roth Capital started coverage on Anavex Life Sciences in a report on Monday, January 28th. They set a “buy” rating and a $10.00 price target on the stock. HC Wainwright set a $10.00 price target on Anavex Life Sciences and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Maxim Group set a $7.00 price target on Anavex Life Sciences and gave the company a “buy” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $7.40.



Several large investors have recently made changes to their positions in the company. Millennium Management LLC bought a new position in Anavex Life Sciences in the second quarter valued at about $1,749,000. Hikari Power Ltd bought a new position in Anavex Life Sciences in the fourth quarter valued at about $231,000. Finally, Jane Street Group LLC bought a new position in Anavex Life Sciences in the second quarter valued at about $157,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

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Anavex Life Sciences Company Profile

Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of central nervous system diseases. The company's lead drug candidate is ANAVEX 2-73, which has completed Phase 2a clinical trial for Alzheimer's disease; and preclinical clinical trials to treat Parkinson's disease, Rett syndrome, epilepsy, infantile spasms, Fragile X syndrome, Angelman syndrome, multiple sclerosis, and tuberous sclerosis.

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Earnings History for Anavex Life Sciences (NASDAQ:AVXL)

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