Strongbridge Biopharma PLC (NASDAQ:SBBP) Announces Quarterly Earnings Results, Hits Estimates
Strongbridge Biopharma PLC (NASDAQ:SBBP) posted its quarterly earnings results on Monday. The biotechnology company reported ($0.34) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.34), MarketWatch Earnings reports.
Shares of Strongbridge Biopharma PLC (SBBP) traded down 2.82% during mid-day trading on Monday, reaching $6.90. 15,211 shares of the company’s stock traded hands. The company’s market capitalization is $243.81 million. The firm has a 50-day moving average price of $6.33 and a 200-day moving average price of $4.42. Strongbridge Biopharma PLC has a 1-year low of $2.00 and a 1-year high of $8.85.
A number of large investors have recently bought and sold shares of the company. State of Wisconsin Investment Board bought a new stake in Strongbridge Biopharma PLC during the second quarter valued at $114,000. Rhumbline Advisers bought a new stake in Strongbridge Biopharma PLC during the second quarter valued at $154,000. Bank of New York Mellon Corp bought a new stake in Strongbridge Biopharma PLC during the second quarter valued at $331,000. Schwab Charles Investment Management Inc. bought a new stake in Strongbridge Biopharma PLC during the second quarter valued at $332,000. Finally, Broadfin Capital LLC raised its stake in Strongbridge Biopharma PLC by 3.0% in the first quarter. Broadfin Capital LLC now owns 2,981,706 shares of the biotechnology company’s stock valued at $14,163,000 after buying an additional 87,125 shares during the period.
Several research firms recently commented on SBBP. Zacks Investment Research upgraded shares of Strongbridge Biopharma PLC from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, July 19th. ValuEngine upgraded shares of Strongbridge Biopharma PLC from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, HC Wainwright restated a “buy” rating on shares of Strongbridge Biopharma PLC in a report on Wednesday, May 17th.
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Strongbridge Biopharma PLC Company Profile
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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