Valeritas (VLRX) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Valeritas (NASDAQ:VLRX) issued its quarterly earnings data on Friday. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.07, MarketWatch Earnings reports. The firm had revenue of $6.93 million during the quarter. Valeritas had a negative net margin of 205.12% and a negative return on equity of 1,768.69%. Valeritas updated its FY 2018 guidance to EPS.

NASDAQ VLRX traded down $0.12 during trading on Friday, reaching $1.08. 684,617 shares of the stock traded hands, compared to its average volume of 355,958. The stock has a market cap of $28.59 million, a P/E ratio of -0.13 and a beta of 2.58. The company has a debt-to-equity ratio of 13.66, a quick ratio of 3.42 and a current ratio of 4.03. Valeritas has a fifty-two week low of $0.78 and a fifty-two week high of $6.79.

A number of hedge funds and other institutional investors have recently modified their holdings of VLRX. Essex Investment Management Co. LLC acquired a new position in Valeritas during the second quarter valued at approximately $448,000. Bainco International Investors acquired a new position in Valeritas during the second quarter valued at approximately $228,000. Finally, C WorldWide Group Holding A S grew its holdings in Valeritas by 28.0% during the second quarter. C WorldWide Group Holding A S now owns 316,194 shares of the company’s stock valued at $424,000 after purchasing an additional 69,216 shares during the period. Hedge funds and other institutional investors own 7.38% of the company’s stock.

Separately, Oppenheimer set a $4.00 price objective on shares of Valeritas and gave the company a “buy” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Valeritas presently has an average rating of “Buy” and a consensus target price of $3.67.

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Valeritas Company Profile

Valeritas Holdings, Inc, a commercial-stage medical technology company, focuses on the development and commercialization of technologies to treat patients with Type 2 diabetes in the United States and China. It offers V-Go, a wearable insulin delivery device for basal-bolus therapy. The company also develops h-Patch, a controlled delivery technology platform; Mini-Ject technology for needle-free injection systems; and Micro-Trans technology for microneedle design, fabrication, and drug delivery.

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Earnings History for Valeritas (NASDAQ:VLRX)

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