Rapid Micro Biosystems (NASDAQ:RPID) Shares Gap Down to $17.76

Rapid Micro Biosystems Inc (NASDAQ:RPID)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $17.76, but opened at $17.38. Rapid Micro Biosystems shares last traded at $18.00, with a volume of 2,426 shares changing hands.

Several research analysts have commented on the company. Morgan Stanley assumed coverage on Rapid Micro Biosystems in a research report on Monday, August 9th. They issued an “equal weight” rating and a $26.00 price objective on the stock. Cowen assumed coverage on Rapid Micro Biosystems in a research report on Monday, August 9th. They issued an “outperform” rating on the stock. Stifel Nicolaus assumed coverage on Rapid Micro Biosystems in a research report on Monday, August 9th. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Rapid Micro Biosystems in a research report on Monday, August 9th. They issued an “overweight” rating and a $30.00 price objective on the stock.

The firm has a 50-day moving average price of $19.72.

Rapid Micro Biosystems (NASDAQ:RPID) last announced its earnings results on Wednesday, August 25th. The company reported ($20.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($19.60). The firm had revenue of $6.13 million during the quarter, compared to analyst estimates of $5.98 million. Equities research analysts forecast that Rapid Micro Biosystems Inc will post -2.26 EPS for the current fiscal year.

Rapid Micro Biosystems Company Profile (NASDAQ:RPID)

Rapid Micro Biosystems Inc is a life sciences technology company. It provides automation solutions to healthcare products. Rapid Micro Biosystems Inc is based in LOWELL, Mass.

Further Reading: How is inflation measured?

Receive News & Ratings for Rapid Micro Biosystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid Micro Biosystems and related companies with MarketBeat.com's FREE daily email newsletter.