RXi Pharmaceuticals (RXII) Issues Earnings Results, Beats Expectations By $0.04 EPS
RXi Pharmaceuticals (NASDAQ:RXII) released its quarterly earnings data on Wednesday. The biotechnology company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.04, MarketWatch Earnings reports. The company had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.05 million.
Shares of NASDAQ RXII traded down $0.01 on Thursday, hitting $0.33. The company’s stock had a trading volume of 26,355 shares, compared to its average volume of 599,172. RXi Pharmaceuticals has a 12-month low of $0.31 and a 12-month high of $7.70. The company has a market capitalization of $1.53 million, a PE ratio of -0.08 and a beta of 2.07.
A number of analysts recently commented on RXII shares. HC Wainwright reissued a “buy” rating on shares of RXi Pharmaceuticals in a report on Monday, October 15th. ValuEngine raised shares of RXi Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd.
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About RXi Pharmaceuticals
RXi Pharmaceuticals Corporation, a biotechnology company, focuses on discovering and developing immuno-oncology therapeutics to treat cancer. The company's lead product candidate is RXI-109, an sd-rxRNA that reduces the expression of connective tissue growth factor, a critical regulator of several biological pathways involved in fibrosis, including scar formation in the skin and eye.
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