Arsanis (ASNS) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Arsanis (NASDAQ:ASNS) issued its quarterly earnings results on Friday. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.02), MarketWatch Earnings reports.

Shares of NASDAQ:ASNS traded down $0.06 during midday trading on Friday, hitting $1.37. The stock had a trading volume of 857,225 shares, compared to its average volume of 198,372. Arsanis has a 12 month low of $1.25 and a 12 month high of $28.69. The company has a current ratio of 5.54, a quick ratio of 5.54 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $19.75 million and a PE ratio of -0.08.

ASNS has been the subject of several research reports. Zacks Investment Research cut shares of Arsanis from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine raised shares of Arsanis from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Piper Jaffray Companies decreased their price target on shares of Arsanis to $2.50 and set a “neutral” rating for the company in a research note on Monday, August 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.88.

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About Arsanis

Arsanis, Inc, a clinical-stage biopharmaceutical company, focuses on applying monoclonal antibody (mAb) immunotherapies to address infectious diseases. Its lead product candidate is ASN100, a mAb therapeutic in Phase II clinical development for the prevention of staphylococcus aureus pneumonia in mechanically ventilated patients.

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