Fortress Biotech Inc. (FBIO) Trading 3.8% Higher
Fortress Biotech Inc. (NASDAQ:FBIO)’s share price traded up 3.8% on Friday . The stock traded as high as $3.03 and last traded at $3.01, with a volume of 71,442 shares traded. The stock had previously closed at $2.90.
Separately, FBR & Co reiterated an “outperform” rating on shares of Fortress Biotech in a report on Wednesday.
The firm has a 50-day moving average of $2.77 and a 200 day moving average of $2.95. The firm’s market cap is $146.04 million.
Fortress Biotech (NASDAQ:FBIO) last announced its quarterly earnings data on Monday, May 9th. The biopharmaceutical company reported ($0.31) EPS for the quarter. Analysts expect that Fortress Biotech Inc. will post ($1.23) earnings per share 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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