Edge Therapeutics Inc (EDGE) CEO Sells $24,800.00 in Stock
Edge Therapeutics Inc (NASDAQ:EDGE) CEO Brian A. Leuthner sold 2,500 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $9.92, for a total value of $24,800.00. Following the completion of the sale, the chief executive officer now owns 95,236 shares of the company’s stock, valued at $944,741.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Edge Therapeutics Inc (NASDAQ EDGE) traded down $0.21 during trading on Tuesday, hitting $9.55. The stock had a trading volume of 78,884 shares, compared to its average volume of 62,801. Edge Therapeutics Inc has a twelve month low of $7.30 and a twelve month high of $13.50. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.20.
Edge Therapeutics (NASDAQ:EDGE) last announced its quarterly earnings results on Wednesday, November 1st. The biotechnology company reported ($0.37) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.11. equities analysts forecast that Edge Therapeutics Inc will post -1.7 earnings per share for the current fiscal year.
Several brokerages have issued reports on EDGE. Zacks Investment Research upgraded Edge Therapeutics from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, November 6th. BidaskClub cut Edge Therapeutics from a “buy” rating to a “hold” rating in a report on Monday, August 14th.
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About Edge Therapeutics
Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.
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