ContraFect Corporation (CFRX) Hits New 52-Week Low at $0.98
ContraFect Corporation (NASDAQ:CFRX) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.98 and last traded at $0.95, with a volume of 426,475 shares trading hands. The stock had previously closed at $1.00.
Separately, Maxim Group reiterated a “hold” rating on shares of ContraFect Corporation in a report on Thursday, May 25th.
The firm’s market capitalization is $73.66 million. The firm’s 50-day moving average is $1.21 and its 200 day moving average is $1.53.
ContraFect Corporation (NASDAQ:CFRX) last posted its quarterly earnings data on Wednesday, August 9th. The biotechnology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. Analysts anticipate that ContraFect Corporation will post ($0.43) earnings per share for the current fiscal year.
In other news, Director Sol J. Barer acquired 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $1.24 per share, with a total value of $49,600.00. Following the purchase, the director now owns 815,933 shares of the company’s stock, valued at approximately $1,011,756.92. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 50,800 shares of company stock valued at $62,992 in the last ninety days. Company insiders own 9.30% of the company’s stock.
An institutional investor recently bought a new position in ContraFect Corporation stock. Westfield Capital Management Co. LP acquired a new position in ContraFect Corporation (NASDAQ:CFRX) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 149,600 shares of the biotechnology company’s stock, valued at approximately $269,000. Westfield Capital Management Co. LP owned 0.36% of ContraFect Corporation as of its most recent filing with the SEC. 24.45% of the stock is owned by institutional investors and hedge funds.
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ContraFect Corporation Company Profile
ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that completed Phase 1 human clinical trials for the treatment of Staph aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible Staph aureus; and CF-404, a combination of human monoclonal antibodies (mAbs) for the treatment of life-threatening seasonal and pandemic varieties of human influenza.