StockNews.com started coverage on shares of Pieris Pharmaceuticals (NASDAQ:PIRS – Free Report) in a research report sent to investors on Monday. The firm issued a hold rating on the biotechnology company’s stock.
Pieris Pharmaceuticals Stock Performance
Shares of NASDAQ:PIRS opened at $11.68 on Monday. The stock has a market capitalization of $14.48 million, a price-to-earnings ratio of -0.52 and a beta of 0.48. Pieris Pharmaceuticals has a 1-year low of $10.89 and a 1-year high of $80.80. The company has a 50 day moving average price of $13.73 and a 200 day moving average price of $15.01.
Pieris Pharmaceuticals (NASDAQ:PIRS – Get Free Report) last issued its earnings results on Friday, March 29th. The biotechnology company reported ($4.00) earnings per share for the quarter. Pieris Pharmaceuticals had a negative return on equity of 90.17% and a negative net margin of 57.33%. The business had revenue of $1.30 million for the quarter.
Hedge Funds Weigh In On Pieris Pharmaceuticals
Pieris Pharmaceuticals Company Profile
Pieris Pharmaceuticals, Inc, a biotechnology company, discovers and develops biotechnological applications. The company focuses on the development of its 4-1BB bispecifics immuno-oncology (IO) programs. Its clinical pipeline consists of IO bispecifics, including S095012 (PRS-344), a bispecific Mabcalin compound targeting PD-L1 and 4-1BB in partnership with Les Laboratoires Servier and Institut de Recherches Internationales Servier; SGN-BB228 (PRS-346), a CD228 x 4-1BB bispecific antibody-Anticalin compound targeting CD228 and 4-1BB in partnership with Pfizer Inc; and BOS-342 (PRS-342), a GPC3 x 4-1BB bispecific Mabcalin compound targeting GPC3 and 4-1BB in partnership with Boston Pharmaceuticals, which are in phase 1 studies.
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