Palatin Technologies (PTN) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Palatin Technologies (NYSE:PTN) posted its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.01, StockRatingsNetwork reports. During the same quarter in the prior year, the company posted ($0.16) earnings per share.
Shares of Palatin Technologies (NYSE:PTN) opened at 0.69 on Tuesday. Palatin Technologies has a 52 week low of $0.51 and a 52 week high of $1.10. The stock’s 50-day moving average is $0.67 and its 200-day moving average is $0.63. The company’s market cap is $27.0 million.
On the ratings front, analysts at Zacks upgraded shares of Palatin Technologies (NYSE:PTN) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 4th. They now have a $0.70 price target on the stock.
Palatin Technologies, Inc (NYSE:PTN) is a biopharmaceutical company engaged in the development of peptide, peptide mimetic and small molecule agonist compounds with a focus on melanocortin and natriuretic peptide receptor systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.