Sophiris Bio Inc. (SPHS) Trading 2.7% Higher
Sophiris Bio Inc. (NASDAQ:SPHS)’s share price traded up 2.7% during trading on Friday . The company traded as high as $2.69 and last traded at $2.66, with a volume of 292,760 shares. The stock had previously closed at $2.59.
A number of equities analysts have commented on the company. Echelon Wealth Partners restated a “buy” rating and set a $5.00 price objective on shares of Sophiris Bio in a research note on Friday, June 10th. Maxim Group restated a “buy” rating and set a $4.00 price objective on shares of Sophiris Bio in a research note on Friday, June 10th.
The stock’s 50-day moving average is $1.87 and its 200 day moving average is $1.64. The firm’s market cap is $55.37 million.
Sophiris Bio (NASDAQ:SPHS) last released its earnings results on Monday, May 16th. The biopharmaceutical company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. Equities research analysts expect that Sophiris Bio Inc. will post ($0.73) earnings per share 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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