Cerecor Inc. (NASDAQ:CERC) Scheduled to Post Earnings on Monday
Cerecor (NASDAQ:CERC) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.18. Cerecor had a negative net margin of 864.87% and a negative return on equity of 896.66%. The firm had revenue of $0.38 million during the quarter. On average, analysts expect Cerecor to post $-0.97 EPS for the current fiscal year and $-0.87 EPS for the next fiscal year.
Cerecor Inc. (CERC) opened at 0.616 on Monday. The stock’s market capitalization is $8.67 million. Cerecor Inc. has a 1-year low of $0.34 and a 1-year high of $5.60. The company’s 50 day moving average is $0.71 and its 200-day moving average is $0.69.
In other news, Director Armistice Capital Master Fund acquired 72,672 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of $0.63 per share, with a total value of $45,783.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.70% of the company’s stock.
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Cerecor Company Profile
Cerecor, Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing drug candidates for patients with neurological and psychiatric disorders. The Company has a portfolio of clinical and preclinical compounds that it is developing for a range of indications, including CERC-301, which is an adjunctive treatment for major depressive disorder (MDD); CERC-501, which is for substance use disorders and adjunctive treatment of MDD, and CERC-406, which is for the treatment of cognitive impairment.
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