CorMedix Inc. (NYSEMKT:CRMD) Set to Announce Earnings on Wednesday
CorMedix Inc. (NYSEMKT:CRMD) will post its quarterly earnings results after the market closes on Wednesday, August 9th. Analysts expect CorMedix to post earnings of ($0.16) per share for the quarter.
Shares of CorMedix Inc. (NYSEMKT:CRMD) traded up 5.088% during midday trading on Monday, reaching $0.378. The company had a trading volume of 177,431 shares. The company’s market capitalization is $15.36 million. The company has a 50-day moving average price of $0.42 and a 200 day moving average price of $1.12. CorMedix Inc. has a one year low of $0.34 and a one year high of $3.26.
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A number of research firms recently weighed in on CRMD. Zacks Investment Research lowered CorMedix from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. FBR & Co reaffirmed a “buy” rating on shares of CorMedix in a research report on Monday, April 24th. Finally, Rodman & Renshaw reduced their price objective on CorMedix from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 5th.
In related news, CEO Khoso Baluch acquired 75,000 shares of CorMedix stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $0.48 per share, with a total value of $36,000.00. Following the transaction, the chief executive officer now directly owns 85,000 shares in the company, valued at $40,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 203,781 shares of company stock valued at $98,362.
CorMedix Company Profile
CorMedix Inc is a commercial pharmaceutical and medical device company. The Company in-licenses, develops and commercializes prophylactic and therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The Company has in-licensed the rights to develop and commercialize its product candidate, CRMD003 (Neutrolin), which addresses market opportunities in the instances in which a central venous catheter is used, such as hemodialysis, intensive care units, oncology, and patients receiving total parenteral nutrition, intravenous (IV) hydration, and/or IV medications.
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