Conatus Pharmaceuticals (CNAT) Announces Quarterly Earnings, Beats Expectations By $0.06 EPS
Conatus Pharmaceuticals (NASDAQ:CNAT) issued its quarterly earnings data on Wednesday. The company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.06, AnalystRatings.Net reports.
Conatus Pharmaceuticals (NASDAQ:CNAT) traded up 0.26% on Wednesday, hitting $7.78. The stock had a trading volume of 712,344 shares. Conatus Pharmaceuticals has a 1-year low of $5.06 and a 1-year high of $15.67. The stock has a 50-day moving average of $7.90 and a 200-day moving average of $8.22. The company’s market cap is $120.0 million.
On a related note, analysts at Roth Capital initiated coverage on shares of Conatus Pharmaceuticals in a research note on Friday, June 13th. They set a “buy” rating and a $19.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $16.50.
Conatus Pharmaceuticals Inc is a biotechnology company focused on the development and commercialization of medicines to treat liver disease.
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