Synthetic Biologics Inc (NYSEMKT:SYN) Posts Earnings Results
Synthetic Biologics Inc (NYSEMKT:SYN) announced its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03, Bloomberg Earnings reports.
Synthetic Biologics (NYSEMKT SYN) traded up 16.3269% during mid-day trading on Friday, hitting $0.6049. 2,786,664 shares of the company traded hands. The firm has a 50 day moving average of $0.57 and a 200 day moving average of $0.64. The firm’s market capitalization is $73.73 million. Synthetic Biologics has a one year low of $0.41 and a one year high of $1.90.
A number of brokerages have issued reports on SYN. ValuEngine lowered shares of Synthetic Biologics from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Synthetic Biologics from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. Finally, William Blair restated an “outperform” rating and set a $5.00 target price on shares of Synthetic Biologics in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Synthetic Biologics has an average rating of “Hold” and an average target price of $4.46.
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A number of institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Synthetic Biologics by 65.4% in the second quarter. Creative Planning now owns 177,000 shares of the company’s stock worth $100,000 after buying an additional 70,000 shares in the last quarter. UBS Group AG boosted its position in Synthetic Biologics by 10.3% in the first quarter. UBS Group AG now owns 214,357 shares of the company’s stock worth $135,000 after buying an additional 20,038 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Synthetic Biologics by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 263,598 shares of the company’s stock worth $166,000 after buying an additional 7,962 shares in the last quarter. LMR Partners LLP bought a new position in Synthetic Biologics during the second quarter worth approximately $194,000. Finally, Norges Bank bought a new position in Synthetic Biologics during the fourth quarter worth approximately $356,000.
Synthetic Biologics Company Profile
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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