Galmed Pharmaceuticals Ltd. (GLMD) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) issued its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.11, MarketWatch Earnings reports. Galmed Pharmaceuticals had a negative net margin of 1,443.98% and a negative return on equity of 141.13%. The company had revenue of $0.27 million during the quarter, compared to the consensus estimate of $0.29 million.

Shares of Galmed Pharmaceuticals (NASDAQ GLMD) opened at 7.62 on Friday. The firm’s market cap is $93.11 million. The stock’s 50 day moving average is $7.25 and its 200-day moving average is $5.54. Galmed Pharmaceuticals has a 52-week low of $2.78 and a 52-week high of $8.87.

An institutional investor recently bought a new position in Galmed Pharmaceuticals stock. GRT Capital Partners L.L.C. purchased a new position in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,314 shares of the biopharmaceutical company’s stock, valued at approximately $114,000. GRT Capital Partners L.L.C. owned 0.15% of Galmed Pharmaceuticals at the end of the most recent quarter. 7.72% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Galmed Pharmaceuticals Ltd. (GLMD) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.com-unik.info/2017/08/19/galmed-pharmaceuticals-ltd-glmd-posts-quarterly-earnings-results-beats-estimates-by-0-11-eps-updated-updated.html.

Several brokerages have issued reports on GLMD. Maxim Group reaffirmed a “buy” rating and issued a $14.00 price objective (up previously from $9.00) on shares of Galmed Pharmaceuticals in a research report on Monday, July 31st. Zacks Investment Research raised shares of Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Wednesday, August 2nd. HC Wainwright raised their price target on shares of Galmed Pharmaceuticals from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised shares of Galmed Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th.

Galmed Pharmaceuticals Company Profile

Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.

Earnings History for Galmed Pharmaceuticals (NASDAQ:GLMD)

What are top analysts saying about Galmed Pharmaceuticals Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Galmed Pharmaceuticals Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit