Fortress Biotech Inc. (FBIO) Trading 5.5% Higher
Fortress Biotech Inc. (NASDAQ:FBIO)’s share price traded up 5.5% during mid-day trading on Friday . The company traded as high as $2.91 and last traded at $2.89, with a volume of 100,645 shares. The stock had previously closed at $2.74.
Separately, FBR & Co reissued an “outperform” rating and issued a $7.00 price objective on shares of Fortress Biotech in a research report on Wednesday, April 6th.
The firm’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.94. The stock’s market capitalization is $140.21 million.
Fortress Biotech (NASDAQ:FBIO) last released its quarterly earnings data on Monday, May 9th. The biopharmaceutical company reported ($0.31) earnings per share for the quarter. On average, equities research analysts forecast that Fortress Biotech Inc. will post ($0.30) EPS for the current year.
Fortress Biotech, Inc, formerly Coronado Biosciences, Inc, is a biopharmaceutical company. The Company is involved in the development of immunotherapy agents for the treatment of autoimmune diseases and cancer. Its sole product candidate is CNDO-109. The Company is also focused on acquiring, developing and commercializing pharmaceutical and biotechnology products.
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