Medgenics Inc (GNMX) Expected to Earn Q1 2018 Earnings of ($0.14) Per Share

Medgenics Inc (NASDAQ:GNMX) – Stock analysts at Zacks Investment Research issued their Q1 2018 earnings per share estimates for shares of Medgenics in a report issued on Wednesday. Zacks Investment Research analyst B. Marckx expects that the biotechnology company will earn ($0.14) per share for the quarter. Zacks Investment Research also issued estimates for Medgenics’ Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.58) EPS, FY2019 earnings at ($0.57) EPS and FY2020 earnings at ($0.51) EPS.

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Shares of Medgenics (NASDAQ GNMX) opened at $2.11 on Monday. Medgenics has a 52 week low of $0.98 and a 52 week high of $2.65. The firm has a market capitalization of $125.20, a P/E ratio of -2.43 and a beta of 1.06.

A hedge fund recently raised its stake in Medgenics stock. Renaissance Technologies LLC boosted its stake in shares of Medgenics Inc (NASDAQ:GNMX) by 515.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,600 shares of the biotechnology company’s stock after acquiring an additional 78,400 shares during the quarter. Renaissance Technologies LLC owned about 0.16% of Medgenics worth $112,000 as of its most recent SEC filing. 20.44% of the stock is currently owned by institutional investors and hedge funds.

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About Medgenics

Aevi Genomic Medicine, Inc, a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. The company's lead product candidates include AEVI-001, a glutamatergic neuromodulator, which is in Phase II/III SAGA trial for a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients with specific mutations in their metabotropic glutamate receptor gene network; and AEVI-002, an anti-light monoclonal antibody that is in Phase I clinical trial for use in severe pediatric onset crohn's disease.

Earnings History and Estimates for Medgenics (NASDAQ:GNMX)

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