CASI Pharmaceuticals, Inc. (NASDAQ:CASI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.19 and traded as high as $5.79. CASI Pharmaceuticals shares last traded at $5.48, with a volume of 21,567 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on CASI Pharmaceuticals in a report on Saturday, August 3rd. They issued a “hold” rating for the company.
Read Our Latest Stock Report on CASI Pharmaceuticals
CASI Pharmaceuticals Price Performance
CASI Pharmaceuticals (NASDAQ:CASI – Get Free Report) last posted its quarterly earnings data on Friday, August 16th. The biotechnology company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.11. CASI Pharmaceuticals had a negative net margin of 118.81% and a negative return on equity of 126.20%. The company had revenue of $3.98 million for the quarter, compared to analyst estimates of $4.43 million.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in CASI Pharmaceuticals stock. Renaissance Technologies LLC increased its holdings in shares of CASI Pharmaceuticals, Inc. (NASDAQ:CASI – Free Report) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,800 shares of the biotechnology company’s stock after purchasing an additional 4,000 shares during the period. Renaissance Technologies LLC owned approximately 0.30% of CASI Pharmaceuticals worth $224,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 22.23% of the company’s stock.
CASI Pharmaceuticals Company Profile
CASI Pharmaceuticals, Inc, a biopharmaceutical company, develops and commercializes therapeutics and pharmaceutical products in the People's Republic of China, the United States, and internationally. It offers EVOMELA, an intravenous formulation of melphalan for use as a conditioning treatment prior to stem cell transplantation, and as a palliative treatment for patients with multiple myeloma.
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