Oramed Pharmaceuticals (NASDAQ:ORMP) Releases Earnings Results, Beats Estimates By $0.04 EPS

Oramed Pharmaceuticals (NASDAQ:ORMP) released its quarterly earnings data on Thursday. The biotechnology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04, Zacks reports.

Oramed Pharmaceuticals Stock Performance

Shares of NASDAQ ORMP traded down $0.09 during midday trading on Friday, hitting $2.21. 74,075 shares of the stock traded hands, compared to its average volume of 157,620. The firm has a market capitalization of $89.09 million, a P/E ratio of 20.09 and a beta of 1.61. Oramed Pharmaceuticals has a one year low of $1.96 and a one year high of $3.14. The firm has a 50-day moving average of $2.30 and a two-hundred day moving average of $2.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Oramed Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th.

Oramed Pharmaceuticals Company Profile

Oramed Pharmaceuticals Inc engages in the research and development of pharmaceutical solutions for the treatment of diabetes and for the use of orally ingestible capsules for delivery of polypeptides. The company's product portfolio includes ORMD-0801, an oral insulin capsule, which is in phase III clinical trial for the treatment of individuals with diabetes, as well as in phase II clinical trial for the treatment of non-alcoholic steatohepatitis; and ORA-D-013-1 and ORA-D-013-2, which have completed phase II clinical trial for the treatment of type 2 diabetes.