Pain Therapeutics (PTIE) Sees Large Volume Increase
Pain Therapeutics (NASDAQ:PTIE) shares saw strong trading volume on Monday . 100,328 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 66,135 shares.The stock last traded at $2.25 and had previously closed at $2.24.
Separately, Zacks Investment Research cut Pain Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th.
The stock’s market capitalization is $103.82 million. The company’s 50 day moving average is $2.19 and its 200-day moving average is $2.06.
Pain Therapeutics (NASDAQ:PTIE) last posted its earnings results on Thursday, May 5th. The biopharmaceutical company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.03. Equities analysts predict that Pain Therapeutics will post ($0.57) earnings per share for the current fiscal year.
Pain Therapeutics, Inc is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company’s lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company’s other products is FENROCK.
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