Assembly Biosciences (ASMB) Issues Earnings Results, Beats Estimates By $0.14 EPS

Assembly Biosciences (NASDAQ:ASMB) posted its quarterly earnings results on Thursday. The biopharmaceutical company reported ($0.87) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.01) by $0.14, MarketWatch Earnings reports. Assembly Biosciences had a negative return on equity of 66.34% and a negative net margin of 457.20%. The company had revenue of $4.29 million for the quarter, compared to analysts’ expectations of $3.21 million.

Shares of ASMB traded down $2.19 during mid-day trading on Friday, hitting $23.40. 193,600 shares of the stock were exchanged, compared to its average volume of 209,032. The stock has a market capitalization of $559.82 million, a price-to-earnings ratio of -9.71 and a beta of 1.43. Assembly Biosciences has a 52-week low of $20.61 and a 52-week high of $67.36.

Several brokerages have recently issued reports on ASMB. BidaskClub cut Assembly Biosciences from a “sell” rating to a “strong sell” rating in a report on Friday, July 13th. Robert W. Baird began coverage on Assembly Biosciences in a report on Wednesday, August 8th. They set an “outperform” rating and a $74.00 price objective on the stock. Zacks Investment Research cut Assembly Biosciences from a “hold” rating to a “sell” rating in a report on Monday, August 13th. ValuEngine cut Assembly Biosciences from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, B. Riley raised Assembly Biosciences from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Assembly Biosciences has an average rating of “Hold” and a consensus price target of $62.60.

In other news, VP Uri A. Lopatin sold 15,204 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $40.09, for a total transaction of $609,528.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.20% of the stock is owned by corporate insiders.

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About Assembly Biosciences

Assembly Biosciences, Inc operates as a clinical stage biotechnology company. It develops oral therapeutic candidates for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutic candidates to treat disorders associated with the microbiome in the United States.

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Earnings History for Assembly Biosciences (NASDAQ:ASMB)

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