Shares of Sophiris Bio Inc. (NASDAQ:SPHS) were up 5.7% during mid-day trading on Thursday . The stock traded as high as $5.75 and last traded at $5.40, with a volume of 1,783,608 shares trading hands. The stock had previously closed at $5.11.

Several analysts have issued reports on SPHS shares. 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. 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.

The company’s market cap is $121.98 million. The firm has a 50 day moving average price of $2.89 and a 200 day moving average price of $1.85.

Sophiris Bio (NASDAQ:SPHS) last posted its earnings results on Monday, May 16th. The biopharmaceutical company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.06. On average, equities analysts predict that Sophiris Bio Inc. will post ($0.73) earnings per share for the current fiscal 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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