Forte Biosciences (NASDAQ:FBRX) Posts Quarterly Earnings Results

Forte Biosciences (NASDAQ:FBRXGet Rating) posted its quarterly earnings data on Monday. The company reported ($0.17) earnings per share (EPS) for the quarter, reports.

Shares of Forte Biosciences stock opened at $1.12 on Thursday. Forte Biosciences has a twelve month low of $1.03 and a twelve month high of $7.26. The business’s fifty day moving average price is $1.36 and its 200 day moving average price is $1.82.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Forte Biosciences by 5.9% in the fourth quarter. BlackRock Inc. now owns 817,063 shares of the company’s stock valued at $1,748,000 after purchasing an additional 45,337 shares during the period. State Street Corp raised its position in Forte Biosciences by 21.0% in the fourth quarter. State Street Corp now owns 561,348 shares of the company’s stock valued at $1,201,000 after purchasing an additional 97,456 shares during the period. Geode Capital Management LLC raised its position in Forte Biosciences by 152.0% in the fourth quarter. Geode Capital Management LLC now owns 255,471 shares of the company’s stock valued at $546,000 after purchasing an additional 154,086 shares during the period. Renaissance Technologies LLC purchased a new position in Forte Biosciences in the first quarter valued at about $277,000. Finally, Parametric Portfolio Associates LLC raised its position in Forte Biosciences by 57.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 174,724 shares of the company’s stock valued at $374,000 after purchasing an additional 63,582 shares during the period. 37.11% of the stock is currently owned by institutional investors.

About Forte Biosciences (Get Rating)

Forte Biosciences, Inc operates as a clinical-stage biopharmaceutical company in the United States. It is developing FB-102 program that addresses various autoimmune diseases, such as vitiligo and alopecia areata. The company is headquartered in Dallas, Texas.

See Also

Earnings History for Forte Biosciences (NASDAQ:FBRX)

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