RedHill Biopharma Ltd. (NASDAQ:RDHL – Get Rating)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.38 and traded as low as $0.85. RedHill Biopharma shares last traded at $0.89, with a volume of 393,337 shares.
RedHill Biopharma Price Performance
The company has a debt-to-equity ratio of 9.42, a current ratio of 0.98 and a quick ratio of 0.79. The stock has a market capitalization of $46.82 million, a P/E ratio of -0.47 and a beta of 1.80. The company’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.38.
RedHill Biopharma (NASDAQ:RDHL – Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The biotechnology company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.10. RedHill Biopharma had a negative net margin of 110.31% and a negative return on equity of 822.29%. The business had revenue of $18.24 million for the quarter. During the same period last year, the company earned ($0.53) earnings per share. As a group, equities analysts expect that RedHill Biopharma Ltd. will post -0.83 EPS for the current fiscal year.
Institutional Investors Weigh In On RedHill Biopharma
RedHill Biopharma Company Profile
RedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults with chronic non-cancer pain; Talicia for the treatment of Helicobacter pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults.
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