Rockwell Medical (NASDAQ:RMTI) issued its earnings results on Thursday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.02), Morningstar.com reports. Rockwell Medical had a negative net margin of 53.40% and a negative return on equity of 117.31%. The company had revenue of $16.85 million during the quarter, compared to analysts’ expectations of $16.10 million.
NASDAQ RMTI traded down $0.05 during mid-day trading on Friday, reaching $4.98. 700 shares of the stock were exchanged, compared to its average volume of 269,842. Rockwell Medical has a 1-year low of $2.19 and a 1-year high of $6.92. The firm has a market cap of $289.45 million, a P/E ratio of -9.77 and a beta of 2.09.
A number of research analysts have issued reports on the stock. ValuEngine cut shares of Rockwell Medical from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Rockwell Medical from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Thursday, November 15th.
COPYRIGHT VIOLATION WARNING: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/4223068/rockwell-medical-rmti-posts-quarterly-earnings-results-misses-expectations-by-0-02-eps.html.
Rockwell Medical Company Profile
Rockwell Medical, Inc operates as an integrated biopharmaceutical company targeting end-stage renal and chronic kidney diseases in the United States and internationally. The company's lead drug includes Triferic, an iron maintenance therapy that replaces the iron lost by patients during hemodialysis treatment.
Featured Story: How to find the components of the quick ratio
Receive News & Ratings for Rockwell Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Medical and related companies with MarketBeat.com's FREE daily email newsletter.