Rapid Micro Biosystems, Inc. (NASDAQ:RPID – Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 43,600 shares, a decline of 25.1% from the December 15th total of 58,200 shares. Based on an average trading volume of 74,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.
Rapid Micro Biosystems Price Performance
Shares of RPID traded up $0.18 during trading hours on Wednesday, reaching $1.27. 893,009 shares of the company’s stock traded hands, compared to its average volume of 173,208. Rapid Micro Biosystems has a twelve month low of $0.58 and a twelve month high of $1.45. The business’s fifty day simple moving average is $1.04 and its two-hundred day simple moving average is $0.90. The firm has a market capitalization of $54.44 million, a price-to-earnings ratio of -1.13 and a beta of 1.07.
Rapid Micro Biosystems (NASDAQ:RPID – Get Free Report) last released its earnings results on Friday, November 1st. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. The company had revenue of $7.60 million for the quarter, compared to analyst estimates of $6.30 million. During the same period in the previous year, the business posted ($0.31) EPS. On average, equities research analysts expect that Rapid Micro Biosystems will post -1.09 EPS for the current year.
Rapid Micro Biosystems Company Profile
Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.
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