BioAmber Inc. (BIOA) Set to Announce Earnings on Wednesday
BioAmber Inc. (NYSE:BIOA) will release its earnings data before the market opens on Wednesday, November 1st. Analysts expect BioAmber to post earnings of ($0.16) per share for the quarter.
BioAmber (NYSE:BIOA) last issued its quarterly earnings data on Thursday, August 3rd. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.03). BioAmber had a negative return on equity of 56.55% and a negative net margin of 221.82%. The firm had revenue of $4.12 million during the quarter, compared to the consensus estimate of $4.09 million. On average, analysts expect BioAmber to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of BioAmber Inc. (NYSE:BIOA) opened at 0.615 on Wednesday. The company’s market capitalization is $22.82 million. The firm has a 50-day moving average of $0.51 and a 200-day moving average of $1.59. BioAmber Inc. has a 12 month low of $0.32 and a 12 month high of $6.50.
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An institutional investor recently raised its position in BioAmber stock. Vanguard Group Inc. lifted its stake in BioAmber Inc. (NYSE:BIOA) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,360 shares of the biotechnology company’s stock after acquiring an additional 27,278 shares during the quarter. Vanguard Group Inc. owned 0.82% of BioAmber worth $780,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 37.40% of the company’s stock.
BioAmber Company Profile
BioAmber Inc (BioAmber), formerly DNP Green Technology, Inc, is an industrial biotechnology company, which produces sustainable chemicals. The Company’s technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into sustainable chemicals that are replacements for petroleum-derived chemicals, which are used in a range of everyday products, including plastics, food additives and personal care products.
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