Zosano Pharma Corporation (NASDAQ:ZSAN) shares dropped 1.4% on Tuesday . The company traded as low as $0.57 and last traded at $0.68. Approximately 393,200 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,570,178 shares. The stock had previously closed at $0.69.
Separately, ValuEngine raised shares of Zosano Pharma Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Zosano Pharma Corporation (NASDAQ:ZSAN) last released its quarterly earnings data on Thursday, November 9th. The biotechnology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). research analysts anticipate that Zosano Pharma Corporation will post -0.79 EPS for the current year.
A hedge fund recently raised its stake in Zosano Pharma Corporation stock. Northern Trust Corp lifted its stake in shares of Zosano Pharma Corporation (NASDAQ:ZSAN) by 591.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,234 shares of the biotechnology company’s stock after purchasing an additional 67,774 shares during the period. Northern Trust Corp owned about 0.20% of Zosano Pharma Corporation worth $112,000 as of its most recent filing with the Securities & Exchange Commission. 22.67% of the stock is owned by institutional investors and hedge funds.
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About Zosano Pharma Corporation
Zosano Pharma Corporation is a clinical-stage specialty pharmaceutical company. The Company has developed a transdermal microneedle patch system to deliver its formulations of existing drugs through the skin for the treatment of a range of indications. Its microneedle patch system offers consistent drug delivery and improved ease of use and room-temperature stability.
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