Shares of Fortress Biotech Inc. (NASDAQ:FBIO) dropped 4.3% during mid-day trading on Monday . The company traded as low as $2.88 and last traded at $2.90, with a volume of 116,557 shares traded. The stock had previously closed at $3.03.

Separately, FBR & Co restated an “outperform” rating on shares of Fortress Biotech in a research note on Wednesday, July 20th.

The company’s market capitalization is $145.07 million. The stock has a 50 day moving average price of $2.81 and a 200 day moving average price of $2.98.

Fortress Biotech (NASDAQ:FBIO) last released its quarterly earnings data on Monday, May 9th. The biopharmaceutical company reported ($0.31) EPS for the quarter. Equities research analysts expect that Fortress Biotech Inc. will post ($1.23) EPS 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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