Titan Pharmaceuticals (NASDAQ:TTNP) Shares Gap Up to $0.18

Shares of Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) gapped up prior to trading on Tuesday . The stock had previously closed at $0.17, but opened at $0.18. Titan Pharmaceuticals shares last traded at $0.18, with a volume of 1,221,331 shares changing hands.

A number of research firms recently weighed in on TTNP. Maxim Group lowered shares of Titan Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. ValuEngine raised shares of Titan Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

The business’s fifty day moving average is $0.34 and its two-hundred day moving average is $1.03. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.99 million, a PE ratio of -0.24 and a beta of 1.18.

Titan Pharmaceuticals (NASDAQ:TTNP) last posted its earnings results on Wednesday, August 14th. The specialty pharmaceutical company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.21). Titan Pharmaceuticals had a negative net margin of 352.17% and a negative return on equity of 412.65%. The business had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $1.30 million. Sell-side analysts expect that Titan Pharmaceuticals, Inc. will post -1.04 EPS for the current fiscal year.

An institutional investor recently raised its position in Titan Pharmaceuticals stock. A.R.T. Advisors LLC boosted its position in shares of Titan Pharmaceuticals, Inc. (NASDAQ:TTNP) by 164.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,645 shares of the specialty pharmaceutical company’s stock after buying an additional 43,333 shares during the quarter. A.R.T. Advisors LLC owned 0.49% of Titan Pharmaceuticals worth $89,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.97% of the company’s stock.

Titan Pharmaceuticals Company Profile (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.

See Also: How to Invest in Stocks with Increasing Dividends

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.


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