Novus Therapeutics (NASDAQ:NVUS) issued its quarterly earnings data on Tuesday. The biopharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.35), Bloomberg Earnings reports.
Shares of NASDAQ NVUS traded down $0.02 during midday trading on Wednesday, hitting $0.80. 17,181 shares of the company’s stock were exchanged, compared to its average volume of 108,038. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.18 and a current ratio of 3.18. The business’s 50 day moving average is $0.88. The stock has a market cap of $10.39 million, a price-to-earnings ratio of -0.51 and a beta of 2.87. Novus Therapeutics has a twelve month low of $0.71 and a twelve month high of $5.78.
Several equities analysts have recently issued reports on the company. ValuEngine downgraded Novus Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $10.00 price objective on shares of Novus Therapeutics in a research report on Wednesday, May 15th. Finally, Zacks Investment Research upgraded Novus Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 28th.
About Novus Therapeutics
Novus Therapeutics, Inc, a pharmaceutical company, focuses on developing products for patients with disorders of ear, nose, and throat. Its lead product is (OP-02), a surfactant-based combination drug product for patients at risk for, or with, otitis media (OM) (middle ear inflammation with or without infection).
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