Aradigm Corporation (NASDAQ:ARDM) announced its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.37, Bloomberg Earnings reports. The firm had revenue of $7.68 million during the quarter. Aradigm Corporation had a negative net margin of 196.65% and a negative return on equity of 3,432.80%.
Aradigm Corporation (NASDAQ ARDM) opened at 1.37 on Friday. The stock’s market capitalization is $20.28 million. Aradigm Corporation has a 12 month low of $0.78 and a 12 month high of $7.19. The company has a 50 day moving average of $1.34 and a 200 day moving average of $1.52.
Separately, Zacks Investment Research raised shares of Aradigm Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
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About Aradigm Corporation
Aradigm Corporation is a pharmaceutical company focused on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. The Company’s lead product candidate is Pulmaquin inhaled ciprofloxacin, which is in Phase III clinical trials. It offers AERx pulmonary drug delivery platform and other technologies.
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