Aquestive Therapeutics (NASDAQ:AQST) posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.10), MarketWatch Earnings reports. The business had revenue of $12.64 million during the quarter, compared to analysts’ expectations of $10.66 million. Aquestive Therapeutics updated its FY 2019 guidance to EPS.
Shares of NASDAQ AQST opened at $3.72 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.89 and a quick ratio of 1.71. The firm has a market capitalization of $100.65 million and a P/E ratio of -1.33. Aquestive Therapeutics has a one year low of $3.65 and a one year high of $20.70.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Aquestive Therapeutics by 36.1% in the fourth quarter. BlackRock Inc. now owns 641,800 shares of the company’s stock valued at $4,042,000 after purchasing an additional 170,396 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Aquestive Therapeutics by 56.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 473,930 shares of the company’s stock worth $2,986,000 after purchasing an additional 170,984 shares during the last quarter. Perceptive Advisors LLC grew its holdings in shares of Aquestive Therapeutics by 83.8% during the fourth quarter. Perceptive Advisors LLC now owns 2,113,400 shares of the company’s stock worth $13,314,000 after purchasing an additional 963,400 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Aquestive Therapeutics by 245,514.3% during the fourth quarter. Bank of Montreal Can now owns 120,351 shares of the company’s stock worth $758,000 after purchasing an additional 120,302 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Aquestive Therapeutics during the fourth quarter worth $188,000. Institutional investors and hedge funds own 57.75% of the company’s stock.
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About Aquestive Therapeutics
Aquestive Therapeutics, Inc, a specialty pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs. The company markets Sympazan, an oral soluble film formulation of clobazam for the treatment of lennox-gastaut syndrome; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; and Zuplenz, an oral soluble film formulation of ondansetron for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery in the United States and internationally.
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