Vericel Corp. (VCEL) Shares Up 12.3%
Vericel Corp. (NASDAQ:VCEL) shares rose 12.3% during mid-day trading on Wednesday . The stock traded as high as $2.74 and last traded at $2.65, with a volume of 609,553 shares traded. The stock had previously closed at $2.36.
The stock has a 50-day moving average of $2.20 and a 200-day moving average of $2.79. The stock’s market cap is $53.37 million.
Vericel Corp. (NASDAQ:VCEL) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.05. The company had revenue of $12.80 million for the quarter, compared to analyst estimates of $15.05 million. On average, analysts expect that Vericel Corp. will post ($0.91) earnings per share for the current 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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