Palatin Technologies, Inc. (NYSE:PTN) issued its quarterly earnings results on Monday. The biopharmaceutical company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01), RTT News reports. During the same period in the previous year, the company earned ($0.08) EPS.
Palatin Technologies (NYSE:PTN) traded up $0.04 during trading on Tuesday, hitting $0.79. 801,982 shares of the stock traded hands, compared to its average volume of 1,930,000. Palatin Technologies has a one year low of $0.29 and a one year high of $0.90.
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PTN has been the topic of several analyst reports. Canaccord Genuity set a $6.00 price target on shares of Palatin Technologies and gave the stock a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research upgraded shares of Palatin Technologies from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Thursday, October 5th. Finally, Roth Capital set a $2.00 price objective on shares of Palatin Technologies and gave the stock a “buy” rating in a research note on Sunday, October 29th.
Palatin Technologies Company Profile
Palatin Technologies, Inc is a biopharmaceutical company. The Company is engaged in developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with significant unmet medical need and commercial potential. Its programs are based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems.
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