Cellular Dynamics International (ICEL) Releases Quarterly Earnings Results
Cellular Dynamics International (NASDAQ:ICEL) announced its earnings results on Monday. The company reported ($0.52) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.34) by $0.18, Analyst Ratings Network reports. The company had revenue of $2.90 million for the quarter, compared to the consensus estimate of $4.66 million. During the same quarter last year, the company posted ($3.28) earnings per share. Cellular Dynamics International’s revenue was up 20.8% compared to the same quarter last year.
On the ratings front, analysts at Cowen and Company cut their price target on shares of Cellular Dynamics International from $20.50 to $18.00 in a research note on Monday, March 31st.
Shares of Cellular Dynamics International (NASDAQ:ICEL) traded down 4.66% during mid-day trading on Monday, hitting $11.86. The stock had a trading volume of 20,918 shares. Cellular Dynamics International has a 1-year low of $9.50 and a 1-year high of $24.11. The stock has a 50-day moving average of $13.86 and a 200-day moving average of $15.57. The company’s market cap is $186.9 million.
Cellular Dynamics International, Inc develops and manufactures fully functioning human cells in industrial quantities to precise specifications.
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