CTI BioPharma Corp. (CTIC) Releases Earnings Results, Beats Expectations By $0.63 EPS
CTI BioPharma Corp. (NASDAQ:CTIC) issued its quarterly earnings results on Thursday. The biopharmaceutical company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.63, Bloomberg Earnings reports. The business had revenue of $22.23 million during the quarter. CTI BioPharma Corp. had a negative net margin of 136.76% and a negative return on equity of 1,516.23%.
Shares of CTI BioPharma Corp. (CTIC) traded up 6.41% during midday trading on Friday, hitting $3.65. 63,055 shares of the stock were exchanged. CTI BioPharma Corp. has a one year low of $2.70 and a one year high of $6.48. The stock’s 50-day moving average price is $3.40 and its 200 day moving average price is $4.07. The stock’s market cap is $102.36 million.
Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in CTI BioPharma Corp. during the first quarter valued at about $181,000. WASHINGTON TRUST Co bought a new stake in CTI BioPharma Corp. during the second quarter valued at about $104,000. Nine Chapters Capital Management LLC increased its stake in CTI BioPharma Corp. by 152.9% in the first quarter. Nine Chapters Capital Management LLC now owns 43,500 shares of the biopharmaceutical company’s stock valued at $183,000 after buying an additional 26,300 shares during the last quarter. Finally, Segantii Capital Management Ltd bought a new stake in CTI BioPharma Corp. during the first quarter valued at about $102,000. Hedge funds and other institutional investors own 23.54% of the company’s stock.
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About CTI BioPharma Corp.
CTI BioPharma Corp. (CTI) is a biopharmaceutical company focused on the acquisition, development and commercialization of targeted therapies covering a spectrum of blood-related cancers to patients and healthcare providers. The Company is primarily focused on commercializing PIXUVRI in select countries in the European Union, for multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL).
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