Gyre Therapeutics (NASDAQ:GYRE – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03), Zacks reports. Gyre Therapeutics had a negative net margin of 84.57% and a negative return on equity of 118.43%.
Gyre Therapeutics Stock Performance
Shares of GYRE traded up $0.17 during midday trading on Monday, hitting $12.28. The company had a trading volume of 75,810 shares, compared to its average volume of 74,132. The company’s 50-day simple moving average is $11.27 and its 200-day simple moving average is $12.30. Gyre Therapeutics has a 1 year low of $8.26 and a 1 year high of $19.00.
Insider Activity
In other news, President Songjiang Ma sold 2,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $12.70, for a total transaction of $25,400.00. Following the sale, the president now owns 2,928,467 shares of the company’s stock, valued at approximately $37,191,530.90. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 38,054 shares of company stock worth $431,157. 19.52% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Gyre Therapeutics
Wall Street Analysts Forecast Growth
Separately, Noble Financial started coverage on Gyre Therapeutics in a research note on Tuesday, March 11th. They issued an “outperform” rating for the company.
Check Out Our Latest Research Report on GYRE
Gyre Therapeutics Company Profile
Gyre Therapeutics, Inc, a biopharmaceutical company, primarily focuses on the development and commercialization of Hydronidone for the treatment of Metabolic Dysfunction Associated Steatohepatitis in the United States. Its Hydronidone is also being evaluated for the treatment of liver fibrosis across a spectrum of chronic liver diseases.
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