Tonix Pharmaceuticals (NASDAQ:TNXP) issued its earnings results on Tuesday. The company reported ($2.86) earnings per share for the quarter, missing the consensus estimate of ($1.49) by ($1.37), MarketWatch Earnings reports.
Shares of NASDAQ:TNXP opened at $0.99 on Wednesday. The stock has a market capitalization of $41.99 million, a PE ratio of -0.01 and a beta of 1.12. Tonix Pharmaceuticals has a 1 year low of $0.39 and a 1 year high of $31.40. The firm has a fifty day moving average price of $0.77 and a 200 day moving average price of $1.03. The company has a current ratio of 4.88, a quick ratio of 4.88 and a debt-to-equity ratio of 0.01.
Separately, ValuEngine downgraded shares of Tonix Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Monday, March 9th.
Tonix Pharmaceuticals Holding Corp., a clinical-stage biopharmaceutical company, focuses on discovering and developing pharmaceutical products to treat serious neuropsychiatric conditions and biological products to improve biodefense. Its lead product candidate is Tonmyar (TNX-102 SL), a proprietary low-dose cyclobenzaprine and sublingual tablet as a bedtime administration, which is in Phase III development for the treatment of posttraumatic stress disorder (PTSD) and Fibromyalgia; and Phase II development for the treatment of agitation in Alzheimer's disease.
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