Cleveland BioLabs, Inc. (CBLI) Posts Quarterly Earnings Results
Cleveland BioLabs, Inc. (NASDAQ:CBLI) released its quarterly earnings results on Tuesday. The biotechnology company reported ($0.11) EPS for the quarter, Bloomberg Earnings reports. Cleveland BioLabs had a negative net margin of 253.09% and a negative return on equity of 61.18%.
Cleveland BioLabs (NASDAQ:CBLI) traded down $0.27 during mid-day trading on Wednesday, reaching $2.39. The company’s stock had a trading volume of 119,600 shares, compared to its average volume of 433,093. Cleveland BioLabs has a twelve month low of $1.22 and a twelve month high of $5.55.
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Separately, ValuEngine upgraded Cleveland BioLabs from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.
About Cleveland BioLabs
Cleveland BioLabs, Inc (CBLI) is a biopharmaceutical company. The Company is engaged in developing approaches to activate the immune system and address serious medical needs. Its platform of Toll-like immune receptor activators has applications in mitigation of radiation injury and immuno-oncology. Its advanced product candidate is Entolimod, an immuno-stimulatory agent, which it is developing as a radiation countermeasure and an immunotherapy for oncology and other indications.
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