Sophiris Bio Inc (SPHS) Sees Strong Trading Volume
Shares of Sophiris Bio Inc (NASDAQ:SPHS) saw an uptick in trading volume on Monday . 1,944,823 shares were traded during trading, an increase of 18% from the previous session’s volume of 1,650,252 shares.The stock last traded at $3.24 and had previously closed at $2.66.
A number of research firms recently commented on SPHS. Echelon Wealth Partners restated a “buy” rating and issued a $5.00 price objective on shares of Sophiris Bio in a research report on Friday, June 10th. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of Sophiris Bio in a research report on Friday, June 10th.
The company’s 50 day moving average price is $1.99 and its 200-day moving average price is $1.66. The stock’s market capitalization is $82.02 million.
Sophiris Bio (NASDAQ:SPHS) last issued its earnings results on Monday, May 16th. The biopharmaceutical company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. On average, equities 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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