Discovery Laboratories Inc. (WINT) Stock Price Up 3.7%
Shares of Discovery Laboratories Inc. (NASDAQ:WINT) rose 3.7% during mid-day trading on Wednesday . The company traded as high as $2.91 and last traded at $2.81, with a volume of 214,735 shares trading hands. The stock had previously closed at $2.71.
Separately, Zacks Investment Research raised Discovery Laboratories from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Thursday, June 23rd.
The stock’s market capitalization is $23.59 million. The stock’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.20.
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Discovery Laboratories (NASDAQ:WINT) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($1.29) earnings per share for the quarter, topping the consensus estimate of ($1.64) by $0.35. Discovery Laboratories had a negative net margin of 6,229.49% and a negative return on equity of 2,977.02%. Equities analysts forecast that Discovery Laboratories Inc. will post ($5.87) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of WINT. Sabby Management LLC bought a new position in Discovery Laboratories during the second quarter valued at $866,000. FMR LLC acquired a new stake in shares of Discovery Laboratories during the second quarter valued at approximately $438,000. BlackRock Institutional Trust Company N.A. acquired a new stake in shares of Discovery Laboratories during the second quarter valued at approximately $367,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Discovery Laboratories during the second quarter valued at approximately $384,000. Hedge funds and other institutional investors own 41.05% of the company’s stock.
Discovery Laboratories Company Profile
Windtree Therapeutics, Inc, formerly Discovery Laboratories, Inc, is a biotechnology company. The Company is focused on developing KL4 surfactant therapies for respiratory diseases and other potential applications. The Company operates through the research and development of products focused on surfactant therapies for respiratory disorders and diseases, and the manufacture and commercial sales of approved products segment.
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