Peregrine Pharmaceuticals (PPHM) Earns Daily News Sentiment Score of 0.16

News headlines about Peregrine Pharmaceuticals (NASDAQ:PPHM) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peregrine Pharmaceuticals earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the biopharmaceutical company an impact score of 48.0688449932088 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern’s analysis:

Peregrine Pharmaceuticals (NASDAQ PPHM) remained flat at $3.12 during mid-day trading on Tuesday. The company had a trading volume of 19,175 shares. Peregrine Pharmaceuticals has a 52-week low of $1.97 and a 52-week high of $5.78. The stock’s market cap is $139.69 million. The company’s 50-day moving average is $3.39 and its 200-day moving average is $4.12.

Peregrine Pharmaceuticals (NASDAQ:PPHM) last announced its quarterly earnings results on Monday, September 11th. The biopharmaceutical company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Peregrine Pharmaceuticals had a negative return on equity of 38.19% and a negative net margin of 23.15%. The company had revenue of $27.08 million during the quarter, compared to analyst estimates of $15.22 million. On average, analysts anticipate that Peregrine Pharmaceuticals will post ($0.40) EPS for the current year.

PPHM has been the subject of a number of recent research reports. ValuEngine downgraded Peregrine Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. BidaskClub upgraded Peregrine Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research downgraded Peregrine Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Finally, Noble Financial restated a “buy” rating on shares of Peregrine Pharmaceuticals in a research report on Monday, July 31st.

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Peregrine Pharmaceuticals Company Profile

Peregrine Pharmaceuticals, Inc (Peregrine) is a biopharmaceutical company. The Company operates through two segments: Peregrine, which is engaged in the research and development of monoclonal antibodies for the treatment of cancer, and Avid, which is engaged in providing contract manufacturing services for third party customers on a fee-for-service basis while also supporting its internal drug development efforts.

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