CytoDyn (OTCMKTS:CYDY) Trading 2.1% Higher – Here’s Why

CytoDyn Inc. (OTCMKTS:CYDYGet Free Report) was up 2.1% during mid-day trading on Friday . The company traded as high as $0.12 and last traded at $0.12. Approximately 1,859,693 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 2,111,096 shares. The stock had previously closed at $0.12.

CytoDyn Stock Performance

The stock has a 50 day moving average of $0.12 and a two-hundred day moving average of $0.14. The stock has a market cap of $145.98 million, a PE ratio of -5.95 and a beta of 0.14.

CytoDyn (OTCMKTS:CYDYGet Free Report) last released its quarterly earnings results on Tuesday, October 15th. The biotechnology company reported $0.02 earnings per share (EPS) for the quarter.

CytoDyn Company Profile

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CytoDyn Inc, a clinical-stage biotechnology company, engages in the development of treatments for multiple therapeutic indications. The company is involved in the clinical development of leronlimab, a novel humanized monoclonal antibody targeting the C-C chemokine receptor type 5 receptor in the areas of COVID-19, human immunodeficiency virus (HIV), Metabolic dysfunction-associated steatohepatitis (MASH), and solid tumors in oncology, such as metastatic triple-negative breast cancer.

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