Anavex Life Sciences (AVXL) Issues Quarterly Earnings Results

Anavex Life Sciences (NASDAQ:AVXL) issued its quarterly earnings data on Wednesday, May 8th. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01, Morningstar.com reports.

Shares of NASDAQ AVXL opened at $2.89 on Friday. Anavex Life Sciences has a 1-year low of $1.25 and a 1-year high of $4.35.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG bought a new stake in Anavex Life Sciences in the 4th quarter worth $28,000. Jane Street Group LLC bought a new stake in shares of Anavex Life Sciences during the 1st quarter valued at about $39,000. Wedbush Securities Inc. bought a new stake in shares of Anavex Life Sciences during the 1st quarter valued at about $43,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Anavex Life Sciences during the 1st quarter valued at about $49,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Anavex Life Sciences during the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 15.01% of the company’s stock.

AVXL has been the subject of a number of research analyst reports. Roth Capital restated a “buy” rating on shares of Anavex Life Sciences in a report on Thursday, May 23rd. ValuEngine upgraded shares of Anavex Life Sciences from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Zacks Investment Research upgraded shares of Anavex Life Sciences from a “sell” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.50.

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Anavex Life Sciences Company Profile

Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of central nervous system diseases. The company's lead drug candidate is ANAVEX 2-73, which has completed Phase 2a clinical trial for Alzheimer's disease; and preclinical clinical trials to treat Parkinson's disease, Rett syndrome, epilepsy, infantile spasms, Fragile X syndrome, Angelman syndrome, multiple sclerosis, and tuberous sclerosis.

See Also: Why Net Income is Important to Investors

Earnings History for Anavex Life Sciences (NASDAQ:AVXL)

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