Bio-Path (NASDAQ:BPTH) Posts Quarterly Earnings Results
Bio-Path (NASDAQ:BPTH) issued its earnings results on Thursday. The company reported ($0.80) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.83) by $0.03, MarketWatch Earnings reports.
Shares of NASDAQ BPTH opened at $3.67 on Friday. The stock has a market cap of $16.67 million, a PE ratio of -1.24 and a beta of 2.24. Bio-Path has a fifty-two week low of $2.92 and a fifty-two week high of $11.78. The stock has a fifty day moving average of $3.84 and a 200-day moving average of $4.63.
Several brokerages have issued reports on BPTH. HC Wainwright lowered their target price on Bio-Path from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, November 16th. Zacks Investment Research lowered Bio-Path from a “buy” rating to a “hold” rating in a research note on Monday, October 19th.
Bio-Path Holdings, Inc operates as a clinical and preclinical stage oncology focused RNAi nano particle drug development company in the United States. The company develops products based on DNAbilize, a drug delivery and antisense technology that uses P-ethoxy, which is a deoxyribonucleic acid (DNA) backbone modification intended to protect the DNA from destruction.
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