Catabasis Pharmaceuticals (NASDAQ:CATB) announced its quarterly earnings data on Thursday. The biotechnology company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.06), Bloomberg Earnings reports.
Shares of Catabasis Pharmaceuticals stock traded down $0.05 during midday trading on Friday, hitting $6.56. The company had a trading volume of 19,468 shares, compared to its average volume of 36,163. The company’s 50 day moving average price is $7.30. The company has a market cap of $76.01 million, a PE ratio of -1.28 and a beta of 1.73. The company has a current ratio of 12.25, a quick ratio of 12.25 and a debt-to-equity ratio of 0.01. Catabasis Pharmaceuticals has a 1-year low of $3.60 and a 1-year high of $9.76.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Catabasis Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Wedbush restated an “outperform” rating and issued a $18.00 price objective on shares of Catabasis Pharmaceuticals in a research note on Monday, July 29th. Finally, ValuEngine upgraded shares of Catabasis Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday.
About Catabasis Pharmaceuticals
Catabasis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics based on safely metabolized and rationally targeted (SMART) linker drug discovery platform in the United States. The company's lead product candidate is Edasalonexent, an oral small molecule that inhibits nuclear factor kappa-light-chain-enhancer of activate B cells, which is in Phase III clinical trial for the treatment of duchenne muscular dystrophy (DMD).
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