Athersys (ATHX) Releases Quarterly Earnings Results, Meets Estimates

Athersys (NASDAQ:ATHX) released its quarterly earnings results on Wednesday, May 8th. The biopharmaceutical company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09), Morningstar.com reports. Athersys had a negative net margin of 109.78% and a negative return on equity of 58.10%. The business had revenue of $1.45 million for the quarter.

Shares of ATHX stock opened at $1.66 on Friday. The company has a market cap of $248.64 million, a P/E ratio of -9.22 and a beta of 0.48. Athersys has a 12 month low of $1.35 and a 12 month high of $3.09.

Several hedge funds have recently made changes to their positions in ATHX. Amalgamated Bank bought a new stake in Athersys during the 4th quarter worth approximately $25,000. Acadian Asset Management LLC bought a new stake in Athersys during the 1st quarter worth approximately $30,000. ExodusPoint Capital Management LP bought a new stake in Athersys during the 1st quarter worth approximately $32,000. Mercer Global Advisors Inc. ADV bought a new stake in Athersys during the 1st quarter worth approximately $36,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Athersys by 62,382.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,368 shares of the biopharmaceutical company’s stock worth $37,000 after acquiring an additional 24,329 shares during the period. Institutional investors own 19.68% of the company’s stock.

ATHX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Athersys from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Tuesday, March 19th. BidaskClub cut shares of Athersys from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Maxim Group reiterated a “buy” rating and issued a $8.00 target price on shares of Athersys in a research note on Thursday, May 9th.

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About Athersys

Athersys, Inc, a biotechnology company, focuses on the research and development activities in the field of regenerative medicine. Its clinical development programs are focused on treating neurological conditions, cardiovascular diseases, inflammatory and immune disorders, and pulmonary and other conditions.

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Earnings History for Athersys (NASDAQ:ATHX)

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