Titan Pharmaceuticals (TTNP) Shares Down 6.9%

Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) shares were down 6.9% during trading on Monday . The company traded as low as $1.60 and last traded at $1.62. Approximately 565,685 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,287,081 shares. The stock had previously closed at $1.74.

Separately, ValuEngine raised shares of Titan Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd.

The company has a current ratio of 5.24, a quick ratio of 4.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $21.08 million, a P/E ratio of -0.38 and a beta of 0.52.

Titan Pharmaceuticals (NASDAQ:TTNP) last posted its quarterly earnings data on Wednesday, November 14th. The specialty pharmaceutical company reported ($0.66) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.84) by $0.18. Titan Pharmaceuticals had a negative net margin of 168.73% and a negative return on equity of 878.37%. The company had revenue of $1.65 million for the quarter, compared to analyst estimates of $0.10 million. As a group, equities analysts predict that Titan Pharmaceuticals, Inc. will post -1.98 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of TTNP. Perkins Capital Management Inc. purchased a new stake in Titan Pharmaceuticals in the 3rd quarter worth about $249,000. Vanguard Group Inc raised its position in Titan Pharmaceuticals by 12.7% in the 3rd quarter. Vanguard Group Inc now owns 432,337 shares of the specialty pharmaceutical company’s stock worth $90,000 after purchasing an additional 48,760 shares during the period. Virtu Financial LLC raised its position in Titan Pharmaceuticals by 530.0% in the 4th quarter. Virtu Financial LLC now owns 236,182 shares of the specialty pharmaceutical company’s stock worth $53,000 after purchasing an additional 198,693 shares during the period. Finally, Geode Capital Management LLC raised its position in Titan Pharmaceuticals by 256.0% in the 4th quarter. Geode Capital Management LLC now owns 341,474 shares of the specialty pharmaceutical company’s stock worth $76,000 after purchasing an additional 245,565 shares during the period. 35.49% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Titan Pharmaceuticals (TTNP) Shares Down 6.9%” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2019/02/13/titan-pharmaceuticals-ttnp-shares-down-6-9.html.

About Titan Pharmaceuticals (NASDAQ:TTNP)

Titan Pharmaceuticals, Inc, a pharmaceutical company, develops proprietary therapeutics for the treatment of serious medical disorders. It develops products based on ProNeura, a proprietary long-term drug delivery platform that focuses primarily on treatments for chronic diseases. The company offers Probuphine, a product candidate for maintenance treatment of opioid dependence, which maintains a stable, around the clock blood level of the drug buprenorphine in patients for six months following a single treatment.

Recommended Story: Fundamental Analysis

Receive News & Ratings for Titan Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply

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