Pain Therapeutics (NASDAQ:PTIE) shares fell 2.2% on Monday . The stock traded as low as $2.20 and last traded at $2.27, with a volume of 113,000 shares. The stock had previously closed at $2.32.

Separately, Zacks Investment Research raised Pain Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st.

The stock’s market cap is $104.74 million. The firm has a 50-day moving average of $2.51 and a 200 day moving average of $2.26.

Pain Therapeutics (NASDAQ:PTIE) last posted its quarterly earnings data on Tuesday, July 19th. The biopharmaceutical company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.07. On average, equities research analysts predict that Pain Therapeutics will post ($0.42) 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.