Titan Pharmaceuticals (NASDAQ:TTNP) Trading 9.3% Higher
Titan Pharmaceuticals, Inc. (NASDAQ:TTNP)’s share price traded up 9.3% during trading on Wednesday . The stock traded as high as $1.45 and last traded at $1.41. 446,007 shares were traded during trading, a decline of 46% from the average session volume of 831,322 shares. The stock had previously closed at $1.29.
The company has a debt-to-equity ratio of 1.18, a current ratio of 2.12 and a quick ratio of 1.86. The stock has a market cap of $17.43 million, a P/E ratio of -1.78 and a beta of 0.94.
Titan Pharmaceuticals (NASDAQ:TTNP) last announced its quarterly earnings data on Wednesday, May 15th. The specialty pharmaceutical company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.08). Titan Pharmaceuticals had a negative net margin of 168.23% and a negative return on equity of 311.18%. The firm had revenue of $0.95 million for the quarter. As a group, equities analysts expect that Titan Pharmaceuticals, Inc. will post -0.68 EPS for the current year.
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Titan Pharmaceuticals Company Profile (NASDAQ:TTNP)
Titan Pharmaceuticals, Inc, a pharmaceutical company, develops proprietary therapeutics for the treatment of serious medical disorders. It develops products based on ProNeura, a proprietary long-term drug delivery platform that focuses primarily on treatments for chronic diseases. The company offers Probuphine, a product candidate for maintenance treatment of opioid dependence, which maintains a stable, around the clock blood level of the drug buprenorphine in patients for six months following a single treatment.
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