Flamel Technologies (FLML) Releases Quarterly Earnings Results
Flamel Technologies (NASDAQ:FLML) issued its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.05, Stock Ratings Network reports. The company had revenue of $5.60 million for the quarter, compared to the consensus estimate of $6.47 million.
Shares of Flamel Technologies (NASDAQ:FLML) traded down 5.82% during mid-day trading on Thursday, hitting $6.15. 49,258 shares of the company’s stock traded hands. Flamel Technologies has a 52-week low of $2.85 and a 52-week high of $6.50. The stock has a 50-day moving average of $6.78 and a 200-day moving average of $5.95. The company’s market cap is $156.3 million.
On the ratings front, analysts at JMP Securities initiated coverage on shares of Flamel Technologies in a research note to investors on Friday, September 20th. They set an “outperform” rating and a $10.00 price target on the stock.
Flamel Technologies SA (NASDAQ:FLML) is a biopharmaceutical company principally engaged in the development of two polymer-based drug delivery technologies.
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.