Applied Therapeutics (NASDAQ:APLT) Posts Earnings Results, Misses Estimates By $0.14 EPS

Applied Therapeutics (NASDAQ:APLT) issued its quarterly earnings results on Wednesday. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.14), Fidelity Earnings reports.

Shares of Applied Therapeutics stock traded down $0.83 on Friday, reaching $14.16. 22,800 shares of the stock were exchanged, compared to its average volume of 31,379. The stock’s fifty day simple moving average is $13.23. Applied Therapeutics has a 1-year low of $7.95 and a 1-year high of $20.50.

Separately, Zacks Investment Research lowered shares of Applied Therapeutics from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.33.

About Applied Therapeutics

Applied Therapeutics, Inc, a biopharmaceutical company, develops novel products to target cardiovascular disease, galactosemia, and diabetic complications. Its lead product candidate is AT-001 that is in phase II clinical trials for treating diabetic cardiomyopathy, as well as is in phase I clinical trials to treat diabetic peripheral neuropathy.

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