MannKind Corp. (MNKD) Releases Quarterly Earnings Results
MannKind Corp. (NASDAQ:MNKD) issued its quarterly earnings data on Tuesday. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.02, Analyst RN reports.
Shares of MannKind Corp. (NASDAQ:MNKD) opened at 5.58 on Tuesday. MannKind Corp. has a one year low of $2.46 and a one year high of $8.70. The stock’s 50-day moving average is $5.57 and its 200-day moving average is $5.6. The company’s market cap is $1.680 billion.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of MannKind Corp. in a research note on Monday, December 30th. They now have a $5.50 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of MannKind Corp. in a research note on Tuesday, November 26th. They set a “neutral” rating and a $5.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.38.
MannKind Corporation (NASDAQ:MNKD) is a development-stage biopharmaceutical company.
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