NEXGEL, Inc. (NASDAQ:NXGL – Get Free Report) was down 6.4% on Thursday . The company traded as low as $2.32 and last traded at $2.34. Approximately 9,096 shares traded hands during trading, a decline of 79% from the average daily volume of 44,255 shares. The stock had previously closed at $2.50.
NEXGEL Trading Down 6.4 %
The stock has a market capitalization of $13.34 million, a P/E ratio of -3.90 and a beta of 0.39. The company has a current ratio of 4.01, a quick ratio of 3.36 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $2.22 and a 200 day moving average price of $1.95.
NEXGEL (NASDAQ:NXGL – Get Free Report) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $1.17 million for the quarter. NEXGEL had a negative net margin of 117.54% and a negative return on equity of 45.19%.
Institutional Investors Weigh In On NEXGEL
NEXGEL Company Profile
NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.
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