Eleven Biotherapeutics, Inc. (EBIO) Trading Down 8.5%

Shares of Eleven Biotherapeutics, Inc. (NASDAQ:EBIO) fell 8.5% on Thursday . The stock traded as low as $1.21 and last traded at $1.29. 576,100 shares were traded during trading, an increase of 103% from the average session volume of 283,985 shares. The stock had previously closed at $1.41.

The firm’s 50 day moving average is $1.38 and its 200 day moving average is $1.55. The firm has a market cap of $19.86 million, a price-to-earnings ratio of 11.83 and a beta of 3.51.

Eleven Biotherapeutics (NASDAQ:EBIO) last released its quarterly earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.30) EPS for the quarter. Eleven Biotherapeutics had a return on equity of 4.26% and a net margin of 11.28%. Equities research analysts anticipate that Eleven Biotherapeutics, Inc. will post ($1.75) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Eleven Biotherapeutics by 17.4% during the second quarter. Vanguard Group Inc. now owns 206,450 shares of the biopharmaceutical company’s stock worth $324,000 after buying an additional 30,600 shares in the last quarter. Virtu KCG Holdings LLC acquired a new stake in Eleven Biotherapeutics during the second quarter worth about $175,000. Finally, Spark Investment Management LLC acquired a new stake in Eleven Biotherapeutics during the second quarter worth about $148,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

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About Eleven Biotherapeutics

Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.

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