Lipocine (LPCN) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Lipocine (NASDAQ:LPCN) posted its quarterly earnings results on Monday. The specialty pharmaceutical company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.04), Yahoo Finance reports.
Lipocine (LPCN) opened at $1.48 on Wednesday. Lipocine has a 1-year low of $1.15 and a 1-year high of $5.33.
Several analysts have recently commented on LPCN shares. HC Wainwright set a $3.00 price target on Lipocine and gave the company a “buy” rating in a report on Friday, January 12th. Canaccord Genuity reissued a “hold” rating and issued a $2.00 price target (down from $11.00) on shares of Lipocine in a report on Tuesday, January 9th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $11.00 price target on shares of Lipocine in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Lipocine has an average rating of “Hold” and an average target price of $13.50.
Lipocine Company Profile
Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for the development of pharmaceutical products in the area of men’s and women’s health. Its primary development programs are based on oral delivery solutions for bioavailable drugs.
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