Eleven Biotherapeutics, Inc. (NASDAQ:EBIO) saw strong trading volume on Tuesday . 1,968,959 shares were traded during mid-day trading, an increase of 695% from the previous session’s volume of 247,645 shares.The stock last traded at $1.61 and had previously closed at $1.45.
Separately, ValuEngine lowered shares of Eleven Biotherapeutics from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 13th.
The stock has a 50-day moving average of $1.27 and a 200 day moving average of $1.60. The company has a market capitalization of $24.78 million, a P/E ratio of 14.77 and a beta of 3.37.
Eleven Biotherapeutics (NASDAQ:EBIO) last announced its quarterly earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.30) earnings per share (EPS) for the quarter. Eleven Biotherapeutics had a net margin of 11.28% and a return on equity of 4.26%. Equities research analysts predict that Eleven Biotherapeutics, Inc. will post ($1.75) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Spark Investment Management LLC bought a new stake in Eleven Biotherapeutics in the 2nd quarter valued at $148,000. Virtu KCG Holdings LLC bought a new stake in Eleven Biotherapeutics in the 2nd quarter valued at $175,000. Finally, Vanguard Group Inc. increased its holdings in Eleven Biotherapeutics by 17.4% in the 2nd quarter. Vanguard Group Inc. now owns 206,450 shares of the biopharmaceutical company’s stock valued at $324,000 after acquiring an additional 30,600 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.
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Eleven Biotherapeutics Company Profile
Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.
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