Capnia, Inc. (NASDAQ:SLNO)’s share price traded up 8.5% during trading on Wednesday . The stock traded as high as $0.62 and last traded at $0.59. 627,427 shares changed hands during mid-day trading, an increase of 346% from the average session volume of 140,788 shares. The stock had previously closed at $0.54.

Separately, Maxim Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of Capnia in a report on Wednesday.

The company’s 50-day moving average is $0.48 and its 200-day moving average is $0.60. The stock’s market capitalization is $28.27 million.

Capnia (NASDAQ:SLNO) last issued its quarterly earnings data on Friday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Capnia had a negative net margin of 1,389.76% and a negative return on equity of 69.67%. Equities analysts expect that Capnia, Inc. will post ($0.27) earnings per share for the current year.

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About Capnia

Soleno Therapeutics, Inc, formerly Capnia, Inc, is a healthcare company that develops and commercializes neonatology devices and diagnostics. The Company also has a therapeutics platform based on its proprietary technology for precision metering of gas flow. The Company offers products, such as CoSense end-tidal carbon monoxide (ETCO) Monitor, NeoPIP Infant Resuscitator and Accessories, and Serenz Nasal Relief.

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