Insider Buying: Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Director Purchases 50,000 Shares of Stock

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Director Kirk Malloy purchased 50,000 shares of Rapid Micro Biosystems stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $0.91 per share, with a total value of $45,500.00. Following the transaction, the director now directly owns 64,300 shares in the company, valued at approximately $58,513. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rapid Micro Biosystems Stock Performance

Shares of RPID stock opened at $0.85 on Monday. Rapid Micro Biosystems, Inc. has a 1 year low of $0.58 and a 1 year high of $1.19. The stock has a fifty day moving average of $0.72 and a two-hundred day moving average of $0.86. The firm has a market capitalization of $36.43 million, a PE ratio of -0.70 and a beta of 1.06.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01). Rapid Micro Biosystems had a negative return on equity of 45.23% and a negative net margin of 204.22%. The firm had revenue of $6.62 million during the quarter, compared to the consensus estimate of $6.02 million. During the same period in the prior year, the firm posted ($0.33) EPS. Equities research analysts predict that Rapid Micro Biosystems, Inc. will post -1.08 earnings per share for the current fiscal year.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.