Catabasis Pharmaceuticals (CATB) Releases Earnings Results, Beats Estimates By $0.08 EPS

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Catabasis Pharmaceuticals (NASDAQ:CATB) issued its earnings results on Thursday. The biotechnology company reported ($0.85) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.08, MarketWatch Earnings reports.

Catabasis Pharmaceuticals stock traded up $0.32 during trading on Friday, hitting $6.12. 4,081 shares of the company were exchanged, compared to its average volume of 192,286. Catabasis Pharmaceuticals has a 52 week low of $3.60 and a 52 week high of $21.80. The company has a market capitalization of $41.78 million, a P/E ratio of -0.48 and a beta of 1.64.

A number of brokerages have recently weighed in on CATB. Zacks Investment Research lowered Catabasis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine downgraded Catabasis Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $31.38.

An institutional investor recently raised its position in Catabasis Pharmaceuticals stock. BlackRock Inc. increased its stake in shares of Catabasis Pharmaceuticals Inc (NASDAQ:CATB) by 140.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,293 shares of the biotechnology company’s stock after buying an additional 99,348 shares during the quarter. BlackRock Inc. owned 0.24% of Catabasis Pharmaceuticals worth $136,000 at the end of the most recent quarter. 33.59% of the stock is currently owned by hedge funds and other institutional investors.

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Catabasis Pharmaceuticals Company Profile

Catabasis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutics based on safely metabolized and rationally targeted (SMART) linker drug discovery platform in the United States. The company's lead product candidate is Edasalonexent, an oral small molecule, which completed Phase II clinical trial for the treatment of duchenne muscular dystrophy (DMD), as well as Phase I clinical trial for the treatment of additional rare diseases.

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Earnings History for Catabasis Pharmaceuticals (NASDAQ:CATB)

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