BIOLINERX Ltd/S (BLRX) Releases Earnings Results, Meets Estimates
BIOLINERX Ltd/S (NASDAQ:BLRX) issued its quarterly earnings results on Thursday. The biotechnology company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.06), Morningstar.com reports.
Shares of BIOLINERX Ltd/S stock traded down $0.01 during trading on Friday, reaching $0.70. 391,694 shares of the company traded hands, compared to its average volume of 1,728,884. BIOLINERX Ltd/S has a 1-year low of $0.67 and a 1-year high of $1.84. The company has a market capitalization of $78.77 million, a PE ratio of -2.59 and a beta of 0.87.
A hedge fund recently bought a new stake in BIOLINERX Ltd/S stock. Fosun International Ltd bought a new stake in shares of BIOLINERX Ltd/S (NASDAQ:BLRX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,357,415 shares of the biotechnology company’s stock, valued at approximately $1,412,000. Fosun International Ltd owned 1.27% of BIOLINERX Ltd/S as of its most recent SEC filing. Institutional investors own 34.69% of the company’s stock.
About BIOLINERX Ltd/S
BioLineRx Ltd., a clinical stage biopharmaceutical development company focused on oncology and immunology. Its development pipeline consists of clinical-stage therapeutic candidates, which include BL-8040, a peptide for the treatment of multiple cancer and hematological indications; AGI-134, an immuno-oncology agent in development for solid tumors; and BL-5010, a customized, proprietary, pen-like applicator for the non-surgical removal of benign skin lesions.
Further Reading: Rule of 72
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