Retrophin’s Lock-Up Period Will End on July 9th (NASDAQ:RTRX)
Retrophin’s (NASDAQ:RTRX) lock-up period is set to expire on Wednesday, July 9th. Retrophin had issued 4,705,882 shares in its public offering on January 10th, American Banking News.com reports. The total size of the offering was $39,999,997 based on an initial share price of $8.50. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
Shares of Retrophin (NASDAQ:RTRX) traded up 3.14% on Friday, hitting $12.82. 174,428 shares of the company’s stock traded hands. Retrophin has a 1-year low of $4.50 and a 1-year high of $24.25. The stock’s 50-day moving average is $12.21 and its 200-day moving average is $13.47. The company’s market cap is $313.1 million.
Retrophin (NASDAQ:RTRX) last announced its earnings results on Wednesday, May 14th. The company reported ($3.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.44) by $2.59. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.80 million. During the same quarter last year, the company posted ($0.46) earnings per share. Retrophin’s revenue was up 299900.0% compared to the same quarter last year. On average, analysts predict that Retrophin will post $-3.97 earnings per share for the current fiscal year.
Retrophin Inc (NASDAQ:RTRX), formerly Desert Gateway, Inc, is a biotechnology company.
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