Neothetics, Inc. (NEOT) Posts Quarterly Earnings Results
Neothetics, Inc. (NASDAQ:NEOT) released its quarterly earnings results on Wednesday. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.
Shares of Neothetics (NASDAQ NEOT) traded up $0.05 during trading hours on Friday, reaching $1.25. The company had a trading volume of 260,916 shares, compared to its average volume of 4,240,000. Neothetics has a 1 year low of $0.30 and a 1 year high of $2.63.
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Separately, ValuEngine upgraded Neothetics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 17th.
Neothetics, Inc is a clinical-stage specialty pharmaceutical company, which develops therapeutics. The Company focuses on localized fat reduction and body contouring. It focuses on the development of LIPO-202 for the reduction of central abdominal bulging due to subcutaneous fat in non-obese patients.
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