Vericel Corp. (VCEL) Trading Up 11.9%
Vericel Corp. (NASDAQ:VCEL) shares were up 11.9% during mid-day trading on Thursday . The company traded as high as $2.43 and last traded at $2.35, with a volume of 333,476 shares changing hands. The stock had previously closed at $2.10.
The stock’s 50-day moving average price is $2.19 and its 200-day moving average price is $2.78. The firm’s market capitalization is $48.23 million.
Vericel Corp. (NASDAQ:VCEL) last released its earnings results on Monday, August 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.05. The business had revenue of $12.80 million for the quarter, compared to the consensus estimate of $15.05 million. Analysts anticipate that Vericel Corp. will post ($0.91) EPS for the current fiscal year.
Vericel Corporation, formerly Aastrom Biosciences, Inc, is a commercial-stage biopharmaceutical company dedicated to the identification, development and commercialization of therapies that enable the body to repair and regenerate damaged tissues and organs to restore normal structure and function. The Company operates through the research, product development, manufacture and distribution of patient-specific, expanded cellular therapies for use in the treatment of specific diseases segment.
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