Veru Inc. (NASDAQ:VERU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.59 and traded as high as $0.60. Veru shares last traded at $0.58, with a volume of 814,360 shares.
Veru Price Performance
The firm has a market cap of $79.59 million, a PE ratio of -2.26 and a beta of -0.75. The stock's fifty day moving average price is $0.59 and its 200-day moving average price is $0.59.
Veru (NASDAQ:VERU - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. On average, sell-side analysts anticipate that Veru Inc. will post -0.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Veru
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Veru by 37.1% in the fourth quarter. Wells Fargo & Company MN now owns 75,512 shares of the company's stock valued at $49,000 after buying an additional 20,430 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Veru by 31.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 85,900 shares of the company's stock valued at $56,000 after acquiring an additional 20,500 shares in the last quarter. Weaver Consulting Group raised its holdings in Veru by 27.4% during the first quarter. Weaver Consulting Group now owns 88,838 shares of the company's stock worth $44,000 after purchasing an additional 19,133 shares in the last quarter. Cetera Investment Advisers raised its holdings in Veru by 26.1% during the fourth quarter. Cetera Investment Advisers now owns 95,210 shares of the company's stock worth $62,000 after purchasing an additional 19,724 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Veru by 2,500.0% during the fourth quarter. NewEdge Advisors LLC now owns 130,000 shares of the company's stock worth $85,000 after purchasing an additional 125,000 shares in the last quarter. Hedge funds and other institutional investors own 47.16% of the company's stock.
Veru Company Profile
(
Get Free Report)
Veru Inc, a late clinical stage biopharmaceutical company, focuses on developing medicines for treatment of metabolic diseases, oncology, and acute respiratory distress syndrome (ARDS). Its marketed products comprise FC2 female condom for the dual protection against unplanned pregnancy and the transmission of sexually transmitted infections.
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