Evofem Biosciences (NASDAQ:EVFM) posted its earnings results on Tuesday, May 7th. The biotechnology company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.05), Morningstar.com reports.
EVFM traded down $0.05 on Friday, hitting $6.39. 48 shares of the stock traded hands, compared to its average volume of 144,560. Evofem Biosciences has a 52 week low of $1.79 and a 52 week high of $7.24. The firm has a market capitalization of $209.37 million, a price-to-earnings ratio of -1.10 and a beta of 1.58.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd bought a new position in Evofem Biosciences during the first quarter valued at about $84,000. Northern Trust Corp acquired a new stake in Evofem Biosciences during the first quarter valued at approximately $120,000. Geode Capital Management LLC boosted its holdings in Evofem Biosciences by 115.2% during the fourth quarter. Geode Capital Management LLC now owns 73,650 shares of the biotechnology company’s stock valued at $308,000 after purchasing an additional 39,425 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Evofem Biosciences during the third quarter valued at approximately $879,000. Finally, Vanguard Group Inc acquired a new stake in Evofem Biosciences during the third quarter valued at approximately $879,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Rockland Register and is the sole property of of Rockland Register. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://rocklandregister.com/2019/05/31/evofem-biosciences-evfm-issues-earnings-results.html.
Evofem Biosciences Company Profile
Evofem Biosciences, Inc, a clinical-stage biopharmaceutical company, develops and commercializes women's sexual and reproductive health products. Its lead product candidate is Amphora, a non-hormonal woman-controlled vaginal gel, which is in Phase 3 clinical trial for the prevention of pregnancy; and in Phase 2b trial for the prevention of chlamydia and gonorrhea in women.
Recommended Story: New Google Finance Tool and Screening Stocks
Receive News & Ratings for Evofem Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evofem Biosciences and related companies with MarketBeat.com's FREE daily email newsletter.