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Weiss Ratings Reaffirms "Sell (D-)" Rating for Burning Rock Biotech (NASDAQ:BNR)

Burning Rock Biotech logo with Business Services background

Key Points

  • Weiss Ratings has reiterated its "Sell (D-)" rating for Burning Rock Biotech (NASDAQ: BNR), indicating ongoing concerns regarding the company's performance.
  • Burning Rock Biotech's stock increased by 24.4%, reaching $13.06, with trading volume significantly exceeding average levels.
  • The company reported a net loss of ($0.15) EPS for the quarter, alongside a revenue of $20.74 million and negative return on equity of 23.61%.
  • Interested in Burning Rock Biotech? Here are five stocks we like better.

Burning Rock Biotech (NASDAQ:BNR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Burning Rock Biotech Stock Up 24.4%

Shares of Burning Rock Biotech stock traded up $2.56 during trading hours on Friday, hitting $13.06. The company's stock had a trading volume of 81,024 shares, compared to its average volume of 30,517. Burning Rock Biotech has a 1-year low of $2.18 and a 1-year high of $13.39. The business has a fifty day moving average of $8.86 and a 200 day moving average of $5.60. The company has a market capitalization of $140.53 million, a PE ratio of -6.87 and a beta of 0.98.

Burning Rock Biotech (NASDAQ:BNR - Get Free Report) last released its quarterly earnings data on Monday, September 8th. The company reported ($0.15) earnings per share (EPS) for the quarter. Burning Rock Biotech had a negative return on equity of 23.61% and a negative net margin of 26.04%.The business had revenue of $20.74 million during the quarter.

About Burning Rock Biotech

(Get Free Report)

Burning Rock Biotech Limited primarily develops and commercializes cancer therapy selection tests in the People's Republic of China. It operates in three segments: Central Laboratory Business, In-Hospital Business, and Pharma Research and Development Services. The company primarily offers next-generation sequencing-based tissue and liquid biopsy cancer therapy selection and prognosis prediction tests for various range of cancer types, including lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, lymphomas, thyroid cancer, colorectal cancer, ovarian cancer, pancreatic cancer, and bladder cancer using tissue and liquid biopsy samples.

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