Rubius Therapeutics (NASDAQ:RUBY) Posts Quarterly Earnings Results

Rubius Therapeutics (NASDAQ:RUBY) released its quarterly earnings results on Tuesday. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.04), Briefing.com reports. During the same period in the previous year, the company earned ($3.33) earnings per share.

NASDAQ:RUBY traded up $0.51 during mid-day trading on Friday, hitting $10.50. 55,275 shares of the company’s stock traded hands, compared to its average volume of 201,043. The company has a fifty day moving average of $13.91 and a 200 day moving average of $15.34. Rubius Therapeutics has a twelve month low of $9.96 and a twelve month high of $26.90. The company has a market capitalization of $834.03 million and a P/E ratio of -4.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 18.64 and a current ratio of 18.64.

In other Rubius Therapeutics news, Director Robert Langer sold 7,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $14.94, for a total transaction of $112,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher L. Carpenter sold 47,757 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $14.02, for a total value of $669,553.14. The disclosure for this sale can be found here. Corporate insiders own 58.40% of the company’s stock.



A number of institutional investors have recently bought and sold shares of RUBY. Bank of New York Mellon Corp increased its holdings in shares of Rubius Therapeutics by 28.4% during the fourth quarter. Bank of New York Mellon Corp now owns 37,825 shares of the company’s stock valued at $609,000 after acquiring an additional 8,357 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Rubius Therapeutics by 27.3% during the fourth quarter. Northern Trust Corp now owns 171,245 shares of the company’s stock valued at $2,754,000 after acquiring an additional 36,674 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Rubius Therapeutics by 22.7% during the fourth quarter. Geode Capital Management LLC now owns 198,537 shares of the company’s stock valued at $3,192,000 after acquiring an additional 36,692 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Rubius Therapeutics by 601.5% during the fourth quarter. Bank of America Corp DE now owns 11,048 shares of the company’s stock valued at $178,000 after acquiring an additional 9,473 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Rubius Therapeutics by 320.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,191 shares of the company’s stock valued at $116,000 after acquiring an additional 5,481 shares in the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.

Several research firms have recently commented on RUBY. Zacks Investment Research raised Rubius Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Guggenheim began coverage on Rubius Therapeutics in a research report on Thursday, May 30th. They issued a “buy” rating and a $25.00 price target for the company. ValuEngine raised Rubius Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, HC Wainwright assumed coverage on Rubius Therapeutics in a research report on Wednesday, June 26th. They set a “buy” rating and a $40.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.75.

Rubius Therapeutics Company Profile

Rubius Therapeutics, Inc focuses on the development of red cell therapeutics (RCTs) for the treatment of patients with severe diseases. The company is developing various RCTs, such as RTX-134 for treatment of phenylketonuria; RTX-Uricase for treatment of chronic refractory gout; RTX-CBS for treatment of homocystinuria; and RTX-OxOx for the treatment of second-line hyperoxaluria.

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Earnings History for Rubius Therapeutics (NASDAQ:RUBY)

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