Rockwell Medical (RMTI) Releases Earnings Results, Misses Expectations By $0.04 EPS
Rockwell Medical (NASDAQ:RMTI) issued its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.04), MarketWatch Earnings reports. Rockwell Medical had a negative return on equity of 117.31% and a negative net margin of 53.40%.
NASDAQ:RMTI opened at $5.03 on Friday. The firm has a market cap of $289.45 million, a P/E ratio of -9.86 and a beta of 2.09. Rockwell Medical has a one year low of $2.19 and a one year high of $6.92.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Rockwell Medical from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Thursday, November 15th. ValuEngine cut shares of Rockwell Medical from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.
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Rockwell Medical Company Profile
Rockwell Medical, Inc operates as an integrated biopharmaceutical company targeting end-stage renal and chronic kidney diseases in the United States and internationally. The company's lead drug includes Triferic, an iron maintenance therapy that replaces the iron lost by patients during hemodialysis treatment.
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