Rapid Micro Biosystems, Inc. (NASDAQ:RPID - Get Free Report) CEO Robert G. Jr. Spignesi sold 11,874 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $3.33, for a total transaction of $39,540.42. Following the completion of the transaction, the chief executive officer directly owned 957,286 shares of the company's stock, valued at $3,187,762.38. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Rapid Micro Biosystems Stock Up 0.6%
Shares of NASDAQ:RPID traded up $0.02 during trading on Wednesday, reaching $3.28. 28,453 shares of the company traded hands, compared to its average volume of 197,488. The firm has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $2.62. The firm has a market cap of $143.76 million, a P/E ratio of -3.18 and a beta of 1.32. Rapid Micro Biosystems, Inc. has a 1-year low of $0.64 and a 1-year high of $4.04.
Rapid Micro Biosystems (NASDAQ:RPID - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.01. The company had revenue of $7.21 million during the quarter, compared to analyst estimates of $6.63 million. Rapid Micro Biosystems had a negative net margin of 151.22% and a negative return on equity of 56.07%. As a group, research analysts anticipate that Rapid Micro Biosystems, Inc. will post -1.1 EPS for the current year.
Institutional Investors Weigh In On Rapid Micro Biosystems
A number of institutional investors have recently modified their holdings of RPID. American Century Companies Inc. bought a new position in shares of Rapid Micro Biosystems during the 1st quarter valued at $31,000. Legato Capital Management LLC bought a new position in shares of Rapid Micro Biosystems during the 1st quarter valued at $41,000. Millennium Management LLC raised its holdings in shares of Rapid Micro Biosystems by 17.6% during the 4th quarter. Millennium Management LLC now owns 61,375 shares of the company's stock valued at $55,000 after purchasing an additional 9,191 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Rapid Micro Biosystems during the 1st quarter valued at $166,000. Finally, Citadel Advisors LLC bought a new position in shares of Rapid Micro Biosystems during the 4th quarter valued at $65,000. Institutional investors and hedge funds own 52.60% of the company's stock.
About Rapid Micro Biosystems
(
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Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.
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