StockNews.com started coverage on shares of Pieris Pharmaceuticals (NASDAQ:PIRS – Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the biotechnology company’s stock.
Pieris Pharmaceuticals Stock Performance
Shares of NASDAQ:PIRS opened at $0.17 on Friday. The company has a 50-day simple moving average of $0.17 and a 200-day simple moving average of $0.20. Pieris Pharmaceuticals has a one year low of $0.14 and a one year high of $1.01. The stock has a market capitalization of $16.82 million, a price-to-earnings ratio of -0.61 and a beta of 0.48.
Pieris Pharmaceuticals (NASDAQ:PIRS – Get Free Report) last announced its earnings results on Friday, March 29th. The biotechnology company reported ($0.05) EPS for the quarter. Pieris Pharmaceuticals had a negative net margin of 57.33% and a negative return on equity of 90.17%. The business had revenue of $1.30 million during the quarter.
Institutional Inflows and Outflows
About Pieris Pharmaceuticals
Pieris Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, discovers and develops anticalin-based drugs. The company develops anticalin proteins that are low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins found in human blood plasma and other bodily fluids.
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