Spectrum Pharmaceuticals (NASDAQ:SPPI) posted its quarterly earnings data on Thursday. The biotechnology company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.08, Fidelity Earnings reports. During the same quarter in the previous year, the company earned ($0.24) EPS.
Shares of NASDAQ:SPPI traded up $0.68 during midday trading on Friday, hitting $8.62. The company’s stock had a trading volume of 1,379,200 shares, compared to its average volume of 869,891. The company has a market cap of $929.93 million, a P/E ratio of -8.53 and a beta of 2.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.37 and a current ratio of 5.37. Spectrum Pharmaceuticals has a 12-month low of $6.22 and a 12-month high of $14.65. The business’s 50 day simple moving average is $8.11 and its 200 day simple moving average is $8.18.
In other news, insider Francois Lebel sold 6,963 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $8.16, for a total transaction of $56,818.08. Following the completion of the sale, the insider now owns 113,970 shares in the company, valued at approximately $929,995.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.35% of the stock is currently owned by insiders.
About Spectrum Pharmaceuticals
Spectrum Pharmaceuticals, Inc develops and commercializes oncology and hematology drug products. The company offers KHAPZORY, a novel folate analog and the pharmacologically active levo-isomer of d, and 1-leucovorin; FOLOTYN, a folate analogue metabolic inhibitor for peripheral T-cell lymphoma (PTCL); ZEVALIN injection to treat non-Hodgkin's lymphoma; MARQIBO for adult patients with Philadelphia chromosome-negative acute lymphoblastic leukemia; BELEODAQ, a histone deacytelase, or HDAC, inhibitor for the treatment of patients with relapsed or refractory PTCL; and EVOMELA for use as a conditioning treatment prior to autologous stem cell transplant in multiple myeloma patients.
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