Fennec Pharmaceuticals (NASDAQ:FENC - Get Rating) posted its earnings results on Thursday. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14), MarketWatch Earnings reports.
Shares of NASDAQ FENC traded up $0.20 during mid-day trading on Friday, hitting $5.50. The company had a trading volume of 218 shares, compared to its average volume of 32,312. The company has a debt-to-equity ratio of 0.32, a current ratio of 13.53 and a quick ratio of 13.54. The business's 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.80. Fennec Pharmaceuticals has a 12 month low of $2.96 and a 12 month high of $6.55. The firm has a market cap of $143.22 million, a P/E ratio of -7.91 and a beta of -0.07.
Several research firms have recently commented on FENC. Wedbush reaffirmed an "outperform" rating on shares of Fennec Pharmaceuticals in a report on Wednesday, April 27th. Zacks Investment Research downgraded Fennec Pharmaceuticals from a "buy" rating to a "hold" rating in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $11.13.
A number of large investors have recently bought and sold shares of FENC. Bank of America Corp DE increased its holdings in shares of Fennec Pharmaceuticals by 134.8% in the fourth quarter. Bank of America Corp DE now owns 11,383 shares of the company's stock valued at $51,000 after purchasing an additional 6,536 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Fennec Pharmaceuticals by 189.1% during the fourth quarter. Citadel Advisors LLC now owns 14,874 shares of the company's stock worth $65,000 after acquiring an additional 31,574 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Fennec Pharmaceuticals by 23,280.0% during the first quarter. JPMorgan Chase & Co. now owns 16,366 shares of the company's stock worth $91,000 after acquiring an additional 16,296 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fennec Pharmaceuticals by 11.1% during the third quarter. Geode Capital Management LLC now owns 19,909 shares of the company's stock worth $187,000 after acquiring an additional 1,983 shares during the period. Finally, Morgan Stanley increased its stake in shares of Fennec Pharmaceuticals by 6.0% during the 2nd quarter. Morgan Stanley now owns 43,430 shares of the company's stock worth $316,000 after purchasing an additional 2,453 shares during the last quarter. 43.62% of the stock is owned by hedge funds and other institutional investors.
About Fennec Pharmaceuticals (Get Rating)
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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