Tyme Technologies (NASDAQ:TYME) Announces Quarterly Earnings Results

Tyme Technologies (NASDAQ:TYME) announced its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02, Bloomberg Earnings reports.

Shares of NASDAQ:TYME traded down $0.03 on Friday, hitting $0.98. 571,238 shares of the company were exchanged, compared to its average volume of 464,652. Tyme Technologies has a 1-year low of $0.92 and a 1-year high of $4.64. The stock has a 50 day moving average price of $1.18. The stock has a market cap of $111.95 million, a price-to-earnings ratio of -3.06 and a beta of 0.40.

Separately, Zacks Investment Research downgraded shares of Tyme Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

In related news, Director David Carberry acquired 30,000 shares of the stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $1.07 per share, for a total transaction of $32,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Michael Demurjian sold 50,000 shares of Tyme Technologies stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $1.18, for a total transaction of $59,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 60,000 shares of company stock valued at $63,450 and have sold 120,000 shares valued at $136,900. Insiders own 27.17% of the company’s stock.

Tyme Technologies Company Profile

Tyme Technologies, Inc, a clinical-stage biotechnology company, develops novel cancer therapeutics. It is developing SM-88, a combination therapy based on dysfunctional metyrosine derivatives in Phase II development for metastatic pancreatic cancer and biomarker-recurrent prostate cancer. The company was founded in 2011 and is headquartered in New York, New York.

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Earnings History for Tyme Technologies (NASDAQ:TYME)

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