Ra Pharmaceuticals (NASDAQ:RARX) announced its earnings results on Thursday. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05), Fidelity Earnings reports. The business had revenue of $3.00 million during the quarter.
Shares of RARX stock traded up $0.05 during mid-day trading on Friday, hitting $46.82. 413,300 shares of the company’s stock were exchanged, compared to its average volume of 652,991. Ra Pharmaceuticals has a fifty-two week low of $11.27 and a fifty-two week high of $47.35. The stock has a 50-day simple moving average of $37.22 and a two-hundred day simple moving average of $29.56. The company has a quick ratio of 15.30, a current ratio of 15.30 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -22.73 and a beta of 1.55.
RARX has been the topic of a number of analyst reports. Zacks Investment Research cut Ra Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. SunTrust Banks cut Ra Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, October 14th. BidaskClub cut Ra Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. ValuEngine upgraded Ra Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird cut Ra Pharmaceuticals from an “outperform” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.36.
About Ra Pharmaceuticals
Ra Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops therapeutics for the treatment of diseases caused by excessive or uncontrolled activation of the complement system. The company's peptide chemistry platform enables the production of synthetic macrocyclic peptides that combine the diversity and specificity of antibodies with the pharmacological properties of small molecules.
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