Galena Biopharma Inc (NASDAQ:GALE) posted its quarterly earnings results on Monday. The biotechnology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01, Morningstar.com reports. During the same period in the prior year, the firm earned $0.05 EPS.

Galena Biopharma (GALE) traded down 3.4146% during trading on Tuesday, hitting $0.3564. 364,843 shares of the stock traded hands. The firm’s 50-day moving average is $0.54 and its 200-day moving average is $0.64. The stock’s market cap is $13.34 million. Galena Biopharma has a 12 month low of $0.26 and a 12 month high of $9.10.

GALE has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Galena Biopharma from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. ValuEngine lowered shares of Galena Biopharma from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group reissued a “hold” rating on shares of Galena Biopharma in a research report on Wednesday, August 9th.

Large investors have recently modified their holdings of the company. Virtu KCG Holdings LLC increased its stake in shares of Galena Biopharma by 677.4% in the second quarter. Virtu KCG Holdings LLC now owns 224,050 shares of the biotechnology company’s stock valued at $130,000 after buying an additional 195,230 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Galena Biopharma by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,332,434 shares of the biotechnology company’s stock valued at $774,000 after buying an additional 13,302 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Galena Biopharma during the first quarter valued at $976,000. 21.73% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Galena Biopharma Inc (GALE) Announces Earnings Results” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/15/galena-biopharma-inc-gale-announces-earnings-results.html.

Galena Biopharma Company Profile

Galena Biopharma, Inc is a biopharmaceutical company. The Company focuses on developing and commercializing targeted oncology therapeutics that address unmet medical needs. The Company’s development portfolio ranges from mid- to late-stage clinical assets, including cancer immunotherapy program led by NeuVax (nelipepimut-S), GALE-301 and GALE-302.

Earnings History for Galena Biopharma (NASDAQ:GALE)

Receive News & Ratings for Galena Biopharma Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galena Biopharma Inc and related companies with MarketBeat.com's FREE daily email newsletter.