AC Immune (NASDAQ:ACIU) announced its quarterly earnings data on Wednesday. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.36), MarketWatch Earnings reports. The firm had revenue of $75.28 million during the quarter, compared to the consensus estimate of $106.81 million. AC Immune had a negative net margin of 706.11% and a negative return on equity of 33.97%.
AC Immune stock traded up $0.09 during midday trading on Thursday, hitting $5.16. The stock had a trading volume of 9,625 shares, compared to its average volume of 500,413. The firm has a market cap of $346.60 million, a P/E ratio of -6.29 and a beta of 0.01. AC Immune has a 12 month low of $3.25 and a 12 month high of $17.40.
Several analysts recently weighed in on the company. BidaskClub raised AC Immune from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 9th. Zacks Investment Research lowered AC Immune from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, ValuEngine lowered AC Immune from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. AC Immune presently has a consensus rating of “Buy” and an average price target of $11.94.
About AC Immune
AC Immune SA, a clinical stage biopharmaceutical company, discovers, designs, and develops therapeutic and diagnostic products for prevention, diagnosis, and treatment of neurodegenerative diseases associated with protein misfolding. Its SupraAntigen and Morphomer platforms are designed to generate vaccines, antibodies, and small molecules, which selectively interact with misfolded proteins that are common in a range of neurodegenerative diseases.
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