Stock analysts at StockNews.com assumed coverage on shares of Bellerophon Therapeutics (NASDAQ:BLPH – Get Rating) in a report released on Tuesday. The firm set a "sell" rating on the biotechnology company's stock.
Bellerophon Therapeutics Stock Performance
Shares of BLPH opened at $1.14 on Tuesday. The stock's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.39. Bellerophon Therapeutics has a 52-week low of $0.67 and a 52-week high of $4.49. The stock has a market capitalization of $10.88 million, a price-to-earnings ratio of -0.58 and a beta of -0.02.Get Bellerophon Therapeutics alerts:
Bellerophon Therapeutics (NASDAQ:BLPH – Get Rating) last released its quarterly earnings results on Monday, August 15th. The biotechnology company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.18. On average, research analysts forecast that Bellerophon Therapeutics will post -2.21 earnings per share for the current fiscal year.
Institutional Trading of Bellerophon TherapeuticsA hedge fund recently raised its stake in Bellerophon Therapeutics stock. Renaissance Technologies LLC raised its holdings in Bellerophon Therapeutics, Inc. (NASDAQ:BLPH – Get Rating) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,399 shares of the biotechnology company's stock after acquiring an additional 24,100 shares during the period. Renaissance Technologies LLC owned approximately 2.19% of Bellerophon Therapeutics worth $258,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.92% of the company's stock.
About Bellerophon Therapeutics
Bellerophon Therapeutics, Inc, a clinical-stage therapeutics company, focuses on the development of products for the treatment of cardiopulmonary diseases in the United States. Its product includes INOpulse, a proprietary pulsatile nitric oxide delivery platform for the treatment of pulmonary hypertension.
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