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Shares of Aquinox Pharmaceuticals (NASDAQ:AQXP) reached a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement, Stock Ratings News reports. The company traded as low as $7.32 and last traded at $7.42, with a volume of 10,086 shares traded. The stock had previously closed at $7.56.

The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.27) by $0.24.

Separately, analysts at Jefferies Group cut their price target on shares of Aquinox Pharmaceuticals from $17.00 to $16.00 in a research note on Tuesday.

The stock’s 50-day moving average is $8.40 and its 200-day moving average is $9.77. The company’s market cap is $79.0 million.

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing drug candidates to treat inflammation and cancer.

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