Gemphire Therapeutics Inc (NASDAQ:GEMP) – Equities researchers at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Gemphire Therapeutics in a note issued to investors on Tuesday. Jefferies Group analyst M. Andrews now anticipates that the company will earn ($1.93) per share for the year, up from their previous estimate of ($2.04). Jefferies Group also issued estimates for Gemphire Therapeutics’ FY2019 earnings at ($1.59) EPS, FY2020 earnings at ($1.47) EPS, FY2021 earnings at ($1.42) EPS and FY2022 earnings at ($0.45) EPS.
Gemphire Therapeutics (NASDAQ:GEMP) last issued its quarterly earnings results on Monday, November 13th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.14).
Shares of Gemphire Therapeutics (NASDAQ GEMP) traded up $0.55 on Thursday, hitting $6.75. The stock had a trading volume of 350,800 shares, compared to its average volume of 131,663. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.00. Gemphire Therapeutics has a 12-month low of $6.07 and a 12-month high of $21.59.
In other news, insider Steven R. Ph.D. Gullans acquired 71,429 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $500,003.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 34.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in Gemphire Therapeutics during the 4th quarter valued at $120,000. Advisory Services Network LLC purchased a new stake in Gemphire Therapeutics during the 2nd quarter valued at $139,000. Vanguard Group Inc. raised its stake in Gemphire Therapeutics by 137.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,898 shares of the company’s stock valued at $399,000 after buying an additional 17,892 shares during the last quarter. Comerica Bank purchased a new stake in Gemphire Therapeutics during the 3rd quarter valued at $850,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Gemphire Therapeutics by 4.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 159,964 shares of the company’s stock valued at $1,520,000 after buying an additional 6,900 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.
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Gemphire Therapeutics Company Profile
Gemphire Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of therapeutics to treat cardiovascular and metabolic diseases. It is developing its product candidate, gemcabene (CI-1027), which is a once-daily, oral therapy for patients who are unable to achieve normal levels of low-density lipoprotein cholesterol (LDL-C) or triglycerides with approved therapies, primarily statin therapy.
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