ContraFect (NASDAQ:CFRX) issued its quarterly earnings results on Thursday. The biotechnology company reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04, MarketWatch Earnings reports.
Shares of ContraFect stock traded down $0.19 on Friday, hitting $2.19. 153,143 shares of the company’s stock were exchanged, compared to its average volume of 172,183. The stock has a market capitalization of $175.49 million, a PE ratio of -5.92 and a beta of -0.37. ContraFect has a 1 year low of $0.85 and a 1 year high of $2.93.
Separately, ValuEngine upgraded shares of ContraFect from a “hold” rating to a “buy” rating in a research note on Tuesday.
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ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that is in Phase II human clinical trials for the treatment of Staphylococcus aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible; and CF-404, a combination of monoclonal antibodies (mAbs), which is in preclinical trial stage for the treatment of life-threatening seasonal and pandemic varieties of human influenza.
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