Zacks Investment Research Brokers Lower Earnings Estimates for Resverlogix Corp. (RVX)
Resverlogix Corp. (TSE:RVX) – Research analysts at Zacks Investment Research reduced their FY2018 earnings per share (EPS) estimates for Resverlogix Corp. in a report released on Wednesday. Zacks Investment Research analyst J. Vandermosten now forecasts that the biotechnology company will earn ($0.51) per share for the year, down from their previous estimate of ($0.26). Zacks Investment Research also issued estimates for Resverlogix Corp.’s FY2019 earnings at ($0.45) EPS.
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Resverlogix Corp. (TSE RVX) traded up 1.40% during midday trading on Friday, hitting $1.45. 24,807 shares of the company traded hands. The stock has a 50 day moving average of $1.38 and a 200 day moving average of $1.88. The stock’s market cap is $161.25 million. Resverlogix Corp. has a 12-month low of $1.14 and a 12-month high of $2.47.
Resverlogix Corp. Company Profile
Resverlogix Corp. is a clinical-stage biotechnology company. The Company is a development-stage company, which is engaged in developing apabetalone (RVX-208), a first-in-class small molecule selective Bromodomain and ExtraTerminal domain (BET) inhibitor. Apabetalone is used for the treatment of patients with high-risk cardiovascular disease, (including peripheral arterial disease), diabetes mellitus, chronic kidney disease, Alzheimer’s disease and orphan diseases.
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