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Cerulean Pharma (NASDAQ:CERU)’s share price gapped up before the market opened on Wednesday following a stronger than expected earnings report, Analyst Ratings.Net reports. The stock had previously closed at $3.34, but opened at $3.46. Cerulean Pharma shares last traded at $4.16, with a volume of 21,820 shares.

The company reported ($0.34) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.36) by $0.02.

The stock has a 50-day moving average of $4.85 and a 200-day moving average of $5.82. The company’s market cap is $84.7 million.

Cerulean Pharma Inc is a clinical-stage oncology-focused company applying its tumor targeting platform.

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