Crispr Therapeutics (NASDAQ:CRSP) posted its quarterly earnings data on Thursday. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.33), Briefing.com reports. Crispr Therapeutics had a negative return on equity of 47.32% and a negative net margin of 331.84%. The business had revenue of $0.56 million during the quarter, compared to analyst estimates of $2.64 million. During the same period in the prior year, the firm posted ($0.62) EPS. Crispr Therapeutics’s revenue for the quarter was down 76.6% compared to the same quarter last year.
Shares of CRSP traded down $1.33 during trading hours on Friday, hitting $36.37. 539,024 shares of the stock traded hands, compared to its average volume of 950,146. Crispr Therapeutics has a 1-year low of $16.70 and a 1-year high of $73.90. The firm has a market capitalization of $1.83 billion, a PE ratio of -21.27 and a beta of 3.75.
A hedge fund recently raised its stake in Crispr Therapeutics stock. Bank of New York Mellon Corp boosted its stake in Crispr Therapeutics AG (NASDAQ:CRSP) by 42.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,104 shares of the company’s stock after purchasing an additional 9,326 shares during the quarter. Bank of New York Mellon Corp owned about 0.07% of Crispr Therapeutics worth $1,827,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 39.49% of the company’s stock.
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About Crispr Therapeutics
CRISPR Therapeutics AG, a gene editing company, focuses on developing transformative gene-based medicines for the treatment of serious human diseases using its regularly interspaced short palindromic repeats associated protein-9 (CRISPR/Cas9) gene-editing platform in Switzerland. Its lead product candidate is CTX001, which targets sickle cell disease and beta-thalassemia with an ex vivo approach whereby cells are harvested from a patient, treated with a CRISPR/Cas9-based therapeutic and reintroduced into the patient.
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