DiaMedica Therapeutics (NASDAQ:DMAC) Releases Quarterly Earnings Results, Meets Estimates

DiaMedica Therapeutics (NASDAQ:DMAC – Get Free Report) issued its earnings results on Thursday. The company reported ($0.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.21), FiscalAI reports.

DiaMedica Therapeutics Trading Down 3.4%

NASDAQ DMAC traded down $0.33 during trading hours on Thursday, hitting $9.33. 187,770 shares of the company’s stock were exchanged, compared to its average volume of 216,847. The stock has a 50-day simple moving average of $8.11 and a 200 day simple moving average of $7.19. DiaMedica Therapeutics has a 1-year low of $5.24 and a 1-year high of $11.00.

Analysts Set New Price Targets

Several research firms have recently commented on DMAC. Wall Street Zen raised DiaMedica Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings restated a “sell (d-)” rating on shares of DiaMedica Therapeutics in a report on Thursday, October 15th. Finally, HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of DiaMedica Therapeutics in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.

Get Our Latest Research Report on DMAC

DiaMedica Therapeutics Company Profile

(Get Free Report)

DiaMedica Therapeutics Inc. is a clinical-stage biopharmaceutical company developing treatments for serious diseases, with a focus on preeclampsia and neurological conditions. Its lead candidate, DM199 (rinvecalinase alfa), is a recombinant form of human tissue kallikrein-1, an enzyme involved in regulating blood flow. DiaMedica is investigating DM199 for acute ischemic stroke and preeclampsia; it remains an investigational drug and is not approved for commercial use. The company is headquartered in Minneapolis, Minnesota, and conducts clinical development of its therapies.

See Also

Earnings History for DiaMedica Therapeutics (NASDAQ:DMAC)

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