Sol-Gel Technologies (NASDAQ:SLGL) Trading Down 4.9%

Sol-Gel Technologies Ltd. (NASDAQ:SLGLGet Free Report)’s stock price fell 4.9% during mid-day trading on Monday . The company traded as low as $0.80 and last traded at $0.81. 8,022 shares traded hands during trading, a decline of 74% from the average session volume of 30,517 shares. The stock had previously closed at $0.85.

Analysts Set New Price Targets

Separately, HC Wainwright reduced their price target on Sol-Gel Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, May 20th.

Check Out Our Latest Stock Analysis on SLGL

Sol-Gel Technologies Stock Performance

The company has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $0.99. The company has a market cap of $23.87 million, a P/E ratio of -1.03 and a beta of 1.54.

Sol-Gel Technologies (NASDAQ:SLGLGet Free Report) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). Sol-Gel Technologies had a negative return on equity of 56.20% and a negative net margin of 1,329.13%. The company had revenue of $0.47 million for the quarter, compared to the consensus estimate of $1.30 million. Research analysts anticipate that Sol-Gel Technologies Ltd. will post -0.83 EPS for the current year.

About Sol-Gel Technologies

(Get Free Report)

Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc, develops topical dermatological drugs for patients with severe skin conditions in Israel. The company offers Twyneo, a once-daily, non-antibiotic topical cream for the treatment of acne vulgaris; and Epsolay, a once-daily topical cream for the treatment of papulopustular (subtype II) rosacea.

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