CytoDyn (OTCMKTS:CYDY – Get Free Report) issued its quarterly earnings data on Wednesday. The biotechnology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04, Zacks reports.
CytoDyn Trading Up 0.5%
OTCMKTS:CYDY traded up $0.00 during mid-day trading on Wednesday, reaching $0.20. 117,800 shares of the stock were exchanged, compared to its average volume of 1,753,920. The business has a fifty day moving average price of $0.21 and a 200 day moving average price of $0.25. CytoDyn has a 1-year low of $0.18 and a 1-year high of $0.40. The firm has a market capitalization of $303.55 million, a PE ratio of -9.99 and a beta of 1.50.
About CytoDyn
CytoDyn Inc is a biotechnology company focused on the development of leronlimab, an investigational monoclonal antibody that targets CCR5, a receptor involved in immune-cell signaling and the movement of certain cells through the body. The company’s research has explored potential applications in infectious diseases, oncology and inflammatory conditions.
Leronlimab, also known as PRO 140, has been studied primarily as a potential treatment for HIV infection, including in combination with existing antiretroviral therapies.
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