Molecular Templates (NASDAQ:MTEM) announced its quarterly earnings data on Tuesday. The biotechnology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.15, Fidelity Earnings reports. Molecular Templates had a negative net margin of 509.53% and a negative return on equity of 22.67%.
Molecular Templates stock opened at $4.57 on Wednesday. The company has a market capitalization of $161.87 million, a PE ratio of -2.17 and a beta of 3.09. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.05. Molecular Templates has a fifty-two week low of $3.87 and a fifty-two week high of $13.25.
In other news, Director Scott D. Morenstein bought 545,454 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were acquired at an average cost of $5.50 per share, with a total value of $2,999,997.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Hirsch bought 365,000 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $2,007,500.00. The disclosure for this purchase can be found here. Company insiders own 52.00% of the company’s stock.
Several brokerages have recently issued reports on MTEM. ValuEngine raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Laidlaw began coverage on shares of Molecular Templates in a research note on Monday, October 8th. They issued a “buy” rating and a $18.00 price objective on the stock.
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About Molecular Templates
Molecular Templates, Inc, a clinical stage biopharmaceutical company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other diseases. The company primarily develops a pipeline of engineered toxin bodies. Its lead drug candidate is MT-3724 that is in a Phase I clinical trial for the treatment of relapsed/refractory non-Hodgkin's lymphoma and B-cell lymphoma.
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