Pulmatrix (PULM) Trading Up 12.3%

Pulmatrix Inc (NASDAQ:PULM) was up 12.3% during mid-day trading on Monday . The stock traded as high as $1.95 and last traded at $1.83. Approximately 951,791 shares changed hands during trading, an increase of 15% from the average daily volume of 830,941 shares. The stock had previously closed at $1.63.

Several equities research analysts recently issued reports on PULM shares. HC Wainwright reaffirmed a “buy” rating on shares of Pulmatrix in a report on Monday, November 19th. ValuEngine lowered shares of Pulmatrix from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

The firm has a market capitalization of $13.57 million, a price-to-earnings ratio of -0.37 and a beta of 1.64.

Pulmatrix (NASDAQ:PULM) last posted its earnings results on Tuesday, February 19th. The biotechnology company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.20) by $0.92. Analysts forecast that Pulmatrix Inc will post -5.7 EPS for the current fiscal year.

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About Pulmatrix (NASDAQ:PULM)

Pulmatrix, Inc, a clinical stage biopharmaceutical company, develops inhaled therapies to address serious pulmonary diseases using its inhaled Small Particles Easily Respirable and Emitted (iSPERSE) technology. Its proprietary product pipeline focuses on advancing treatments for serious lung diseases, including Pulmazole, an inhaled anti-fungal for patients with allergic bronchopulmonary aspergillosis; and PUR1800, kinase inhibitor for patients with obstructive lung diseases, such as asthma and chronic obstructive pulmonary disease (COPD).

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