NewLink Genetics Corp Trading 6.7% Higher Following Earnings Beat (NLNK)
NewLink Genetics Corp (NASDAQ:NLNK)’s share price traded up 6.7% during trading on Tuesday following a stronger than expected earnings report, American Banking News.com reports. The company traded as high as $22.37 and last traded at $22.37, with a volume of 133,141 shares trading hands. The stock had previously closed at $20.97.
The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.09.
Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of NewLink Genetics Corp in a research note on Wednesday, May 7th. They now have a $51.00 price target on the stock, down previously from $53.00. Two research analysts have rated the stock with a buy rating, NewLink Genetics Corp currently has a consensus rating of “Buy” and an average target price of $39.00.
The stock has a 50-day moving average of $23.78 and a 200-day moving average of $27.53. The company’s market cap is $617.6 million.
NewLink Genetics Corporation operates as a biopharmaceutical company. The Company, based in the United States, is focused on discovering, developing, and commercializing immunotherapeutic products to improve cancer treatment options for patients and physicians.
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