Shares of Sophiris Bio Inc. (NASDAQ:SPHS) fell 4.8% during mid-day trading on Friday . The stock traded as low as $2.26 and last traded at $2.37, with a volume of 1,062,277 shares traded. The stock had previously closed at $2.49.

Several brokerages have recently issued reports on SPHS. Echelon Wealth Partners reissued a “buy” rating and set a $5.00 price target on shares of Sophiris Bio in a research report on Friday, June 10th. Maxim Group reaffirmed a “buy” rating and issued a $4.00 target price on shares of Sophiris Bio in a report on Thursday, March 24th.

The stock’s market cap is $50.79 million. The firm’s 50 day moving average is $1.62 and its 200 day moving average is $1.60.

Sophiris Bio (NASDAQ:SPHS) last announced its earnings results on Monday, May 16th. The biopharmaceutical company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. Equities analysts forecast that Sophiris Bio Inc. will post ($0.73) EPS for the current year.

Sophiris Bio, Inc, formerly Protox Therapeutics Inc, is a Canada-based biopharmaceutical company focused on the research, development and commercialization of products for the treatment of urological diseases. The Company has operations based in San Diego developing a treatment for benign prostatic hyperplasia (benign prostatic hyperplasia (BPH) or enlarged prostate).

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