Ohr Pharmaceuticals, Inc. (NASDAQ:OHRP) posted its quarterly earnings results on Tuesday. The biotechnology company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.18, Morningstar.com reports.

Shares of Ohr Pharmaceuticals (NASDAQ:OHRP) traded up 0.833% during mid-day trading on Wednesday, reaching $0.605. The company had a trading volume of 70,680 shares. Ohr Pharmaceuticals has a one year low of $0.56 and a one year high of $4.05. The stock has a 50 day moving average of $0.63 and a 200-day moving average of $0.83. The firm’s market capitalization is $34.01 million.

Institutional investors have recently made changes to their positions in the stock. Sabby Management LLC raised its position in shares of Ohr Pharmaceuticals by 30.5% in the first quarter. Sabby Management LLC now owns 1,509,315 shares of the biotechnology company’s stock valued at $1,253,000 after buying an additional 352,922 shares in the last quarter. Cannell Peter B & Co. Inc. bought a new position in shares of Ohr Pharmaceuticals during the second quarter valued at $187,000. Finally, Renaissance Technologies LLC raised its position in shares of Ohr Pharmaceuticals by 242.3% in the first quarter. Renaissance Technologies LLC now owns 229,709 shares of the biotechnology company’s stock valued at $191,000 after buying an additional 162,600 shares in the last quarter. Hedge funds and other institutional investors own 8.29% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally published by Daily Political and is the property of of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/ohr-pharmaceuticals-inc-nasdaqohrp-posts-earnings-results-beats-estimates-by-0-18-eps.html.

Separately, Zacks Investment Research raised Ohr Pharmaceuticals from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Tuesday, July 18th.

Earnings History for Ohr Pharmaceuticals (NASDAQ:OHRP)

Receive News & Ratings for Ohr Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ohr Pharmaceuticals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.