BeyondSpring (NASDAQ:BYSI) issued its quarterly earnings data on Tuesday. The company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.10, MarketWatch Earnings reports.
BYSI opened at $11.32 on Friday. The stock’s 50 day simple moving average is $10.43. BeyondSpring has a 52-week low of $9.24 and a 52-week high of $17.81. The company has a current ratio of 8.24, a quick ratio of 8.24 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $443.09 million, a P/E ratio of -5.55 and a beta of 0.54.
Several analysts have recently issued reports on the company. Zacks Investment Research downgraded BeyondSpring from a “buy” rating to a “hold” rating in a research report on Thursday, April 29th. HC Wainwright lowered shares of BeyondSpring from a “buy” rating to a “neutral” rating in a research report on Monday, April 5th.
An institutional investor recently raised its position in BeyondSpring stock. Morgan Stanley raised its stake in BeyondSpring Inc. (NASDAQ:BYSI) by 354.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,713 shares of the company’s stock after purchasing an additional 40,322 shares during the quarter. Morgan Stanley owned about 0.13% of BeyondSpring worth $573,000 at the end of the most recent quarter. Institutional investors own 18.02% of the company’s stock.
BeyondSpring Company Profile
BeyondSpring Inc, a clinical stage biopharmaceutical company, together with its subsidiaries, focuses on the development and commercialization of immuno-oncology cancer therapies. The company's lead asset is the Plinabulin, a selective immune-modulating microtubule-binding agent that has completed Phase III clinical trials for the prevention of chemotherapy-induced neutropenia; and developing Plinabulin, which is in Phase III clinical trial for the treatment of later-stage non-small cell lung cancer (NSCLC).
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