NEXGEL (NASDAQ:NXGL) Announces Earnings Results

NEXGEL (NASDAQ:NXGL) released its earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. NEXGEL had a negative return on equity of 71.19% and a negative net margin of 52.60%.

NEXGEL Trading Up 14.4 %

NXGL stock opened at $3.09 on Tuesday. The company has a market capitalization of $20.98 million, a PE ratio of -5.33 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.51 and a quick ratio of 0.93. NEXGEL has a 12 month low of $1.84 and a 12 month high of $5.10. The firm’s 50-day moving average is $3.23 and its 200 day moving average is $3.27.

About NEXGEL

NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.