Gemphire Therapeutics (NASDAQ:GEMP) is set to issue its quarterly earnings data after the market closes on Thursday, March 15th. Analysts expect the company to announce earnings of ($0.72) per share for the quarter.
Shares of Gemphire Therapeutics (NASDAQ:GEMP) traded down $0.16 during trading hours on Wednesday, hitting $7.33. 35,636 shares of the company were exchanged, compared to its average volume of 134,573. The firm has a market cap of $104.56, a P/E ratio of -2.17 and a beta of 4.66. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.00. Gemphire Therapeutics has a 1-year low of $6.07 and a 1-year high of $21.59.
In other Gemphire Therapeutics news, insider Steven R. Ph.D. Gullans bought 71,429 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $7.00 per share, with a total value of $500,003.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 34.00% of the stock is currently owned by corporate insiders.
GEMP has been the topic of a number of analyst reports. HC Wainwright reiterated a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Gemphire Therapeutics in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Gemphire Therapeutics from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, November 16th. Roth Capital reiterated a “buy” rating and issued a $30.00 price target on shares of Gemphire Therapeutics in a research report on Friday, December 22nd. Finally, ValuEngine downgraded shares of Gemphire Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.75.
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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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