FibroGen Inc (NASDAQ:FGEN) insider K Peony Yu sold 9,145 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $56.30, for a total value of $514,863.50. Following the completion of the transaction, the insider now owns 182,440 shares in the company, valued at approximately $10,271,372. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of FGEN stock traded up $0.67 during trading hours on Friday, reaching $56.50. The company had a trading volume of 914,507 shares, compared to its average volume of 667,800. FibroGen Inc has a 12 month low of $37.27 and a 12 month high of $68.55. The company has a quick ratio of 7.75, a current ratio of 7.75 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.78 billion, a PE ratio of -54.85 and a beta of 1.74.
FibroGen (NASDAQ:FGEN) last posted its earnings results on Wednesday, February 27th. The biopharmaceutical company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.40. FibroGen had a negative return on equity of 16.84% and a negative net margin of 40.58%. The company had revenue of $108.05 million for the quarter, compared to analyst estimates of $72.15 million. During the same quarter last year, the company earned ($0.27) earnings per share. The company’s revenue for the quarter was up 251.5% on a year-over-year basis. On average, equities research analysts anticipate that FibroGen Inc will post -0.93 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of FGEN. Meeder Asset Management Inc. lifted its holdings in FibroGen by 622.4% during the fourth quarter. Meeder Asset Management Inc. now owns 614 shares of the biopharmaceutical company’s stock worth $28,000 after acquiring an additional 529 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in FibroGen during the fourth quarter worth $37,000. Flinton Capital Management LLC bought a new stake in FibroGen during the fourth quarter worth $44,000. Neuburgh Advisers LLC bought a new stake in FibroGen during the fourth quarter worth $53,000. Finally, Bank of Montreal Can lifted its holdings in FibroGen by 177.3% during the fourth quarter. Bank of Montreal Can now owns 1,722 shares of the biopharmaceutical company’s stock worth $80,000 after acquiring an additional 1,101 shares during the period. Institutional investors and hedge funds own 66.22% of the company’s stock.
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FibroGen Company Profile
FibroGen, Inc, a research-based biopharmaceutical company, discovers, develops, and commercializes therapeutic agents to treat serious unmet medical needs. It is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases (HIF-PHs) that is in Phase III clinical development for the treatment of anemia in chronic kidney disease; Pamrevlumab, a human-monoclonal antibody that inhibits the activity of connective tissue growth factor, which is in Phase II clinical development for the treatment of idiopathic pulmonary fibrosis, pancreatic cancer, liver fibrosis, and Duchenne muscular dystrophy; and FG-5200, a corneal implant medical device for the treatment of corneal blindness resulting from partial thickness corneal damage.
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