Matinas BioPharma Holdings Inc (MTNB) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) announced its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01, Bloomberg Earnings reports. Matinas BioPharma Holdings had a negative return on equity of 143.22% and a negative net margin of 8,834.65%.
Shares of Matinas BioPharma Holdings (MTNB) traded up $0.02 during trading hours on Friday, hitting $1.19. The stock had a trading volume of 66,584 shares, compared to its average volume of 348,032. Matinas BioPharma Holdings has a one year low of $1.01 and a one year high of $3.99.
A number of research analysts recently weighed in on the company. ValuEngine downgraded Matinas BioPharma Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Maxim Group set a $6.00 price objective on Matinas BioPharma Holdings and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Roth Capital set a $9.00 price objective on Matinas BioPharma Holdings and gave the company a “buy” rating in a research note on Thursday, August 10th.
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In related news, Director Adam K. Stern purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of $1.38 per share, with a total value of $138,000.00. Following the purchase, the director now directly owns 793,992 shares in the company, valued at $1,095,708.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 110,000 shares of company stock worth $151,250 in the last three months.
About Matinas BioPharma Holdings
Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.
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