Fennec Pharmaceuticals (FENC) Issues Earnings Results

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Fennec Pharmaceuticals (NASDAQ:FENC) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01), MarketWatch Earnings reports.

Shares of FENC stock opened at $6.01 on Thursday. Fennec Pharmaceuticals has a 12 month low of $5.33 and a 12 month high of $14.99. The company has a market cap of $136.29 million, a PE ratio of -12.79 and a beta of -0.23.

A number of equities research analysts have issued reports on FENC shares. HC Wainwright set a $18.00 target price on Fennec Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research lowered Fennec Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, Wedbush reiterated an “outperform” rating and set a $16.00 price target on shares of Fennec Pharmaceuticals in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $15.00.

An institutional investor recently raised its position in Fennec Pharmaceuticals stock. Geode Capital Management LLC raised its holdings in shares of Fennec Pharmaceuticals Inc (NASDAQ:FENC) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,489 shares of the company’s stock after buying an additional 5,441 shares during the quarter. Geode Capital Management LLC owned about 0.20% of Fennec Pharmaceuticals worth $251,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 48.99% of the company’s stock.

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Fennec Pharmaceuticals Company Profile

Fennec Pharmaceuticals Inc, a biopharmaceutical company, develops product candidates for use in the treatment of cancer in the United States. Its lead product candidate is the Sodium Thiosulfate, which has completed the Phase III clinical trial for the prevention of cisplatin induced hearing loss or ototoxicity in children.

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Earnings History for Fennec Pharmaceuticals (NASDAQ:FENC)

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