Strongbridge Biopharma PLC (SBBP) Announces Earnings Results, Beats Expectations By $0.16 EPS
Strongbridge Biopharma PLC (NASDAQ:SBBP) posted its quarterly earnings results on Tuesday, May 16th. The biotechnology company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.49) by $0.16, MarketWatch Earnings reports.
Strongbridge Biopharma PLC (SBBP) traded down 3.49% during trading on Friday, reaching $4.15. The company had a trading volume of 37,494 shares. The company’s 50-day moving average is $4.47 and its 200 day moving average is $3.62. The firm’s market capitalization is $146.64 million. Strongbridge Biopharma PLC has a 52 week low of $2.00 and a 52 week high of $6.24.
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A number of analysts have issued reports on SBBP shares. Zacks Investment Research raised Strongbridge Biopharma PLC from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Tuesday, March 7th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Strongbridge Biopharma PLC in a research note on Thursday, March 30th.
Strongbridge Biopharma PLC Company Profile
Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.
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