CollPlant Biotechnologies Ltd. Sponsored ADR (NASDAQ:CLGN – Get Free Report) was down 1.9% during mid-day trading on Monday. The stock traded as low as $3.45 and last traded at $3.56. Approximately 28,969 shares were traded during mid-day trading, a decline of 49% from the average session volume of 57,075 shares. The stock had previously closed at $3.63.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CollPlant Biotechnologies in a research note on Friday, September 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $120.00.
Check Out Our Latest Report on CLGN
CollPlant Biotechnologies Trading Down 1.9%
The company has a market cap of $6.73 million, a price-to-earnings ratio of -0.26 and a beta of 1.77. The firm’s fifty day moving average price is $3.57 and its 200-day moving average price is $3.65.
CollPlant Biotechnologies (NASDAQ:CLGN – Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The company reported ($1.89) EPS for the quarter, beating analysts’ consensus estimates of ($2.45) by $0.56. The business had revenue of $0.11 million during the quarter, compared to analysts’ expectations of $0.48 million. CollPlant Biotechnologies had a negative net margin of 678.37% and a negative return on equity of 298.21%.
About CollPlant Biotechnologies
CollPlant Biotechnologies Ltd. (NASDAQ: CLGN) is an Israel-based biotechnology company developing regenerative medicine products and tissue-engineering technologies. The company’s platform uses genetically engineered tobacco plants to produce recombinant human collagen (rhCollagen), a purified collagen material designed to support the repair, replacement, and regeneration of human tissue.
CollPlant develops rhCollagen-based products for applications including 3D bioprinting, tissue engineering, and advanced wound care.
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