Shares of Eleven Biotherapeutics, Inc. (NASDAQ:EBIO) fell 2% on Wednesday . The stock traded as low as $0.65 and last traded at $0.69. 774,335 shares traded hands during trading, an increase of 39% from the average session volume of 556,340 shares. The stock had previously closed at $0.68.

The company has a market cap of $16.33, a P/E ratio of 4.38 and a beta of 3.29.

Eleven Biotherapeutics (NASDAQ:EBIO) last announced its earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.30) earnings per share for the quarter. Eleven Biotherapeutics had a net margin of 11.28% and a return on equity of 4.26%. equities research analysts forecast that Eleven Biotherapeutics, Inc. will post -1.85 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in EBIO. Vanguard Group Inc. raised its stake in shares of Eleven Biotherapeutics by 17.4% in the 2nd quarter. Vanguard Group Inc. now owns 206,450 shares of the biopharmaceutical company’s stock worth $324,000 after buying an additional 30,600 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Eleven Biotherapeutics in the 2nd quarter worth $148,000. Virtu KCG Holdings LLC bought a new stake in shares of Eleven Biotherapeutics in the 2nd quarter worth $175,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Eleven Biotherapeutics in the 3rd quarter worth $382,000. 5.00% of the stock is currently owned by hedge funds and other institutional investors.

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Eleven Biotherapeutics Company Profile

Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.

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