Northeast Financial Group Inc. Grows Stock Holdings in NEXGEL, Inc. (NASDAQ:NXGL)

Northeast Financial Group Inc. boosted its position in NEXGEL, Inc. (NASDAQ:NXGL) by 168.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,848 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Northeast Financial Group Inc. owned about 0.50% of NEXGEL worth $82,000 at the end of the most recent reporting period.

NEXGEL Stock Down 3.8 %

Shares of NASDAQ NXGL opened at $3.06 on Friday. The stock has a market capitalization of $19.35 million, a PE ratio of -5.28 and a beta of 0.73. NEXGEL, Inc. has a 52-week low of $1.71 and a 52-week high of $3.55. The firm has a fifty day moving average of $2.81 and a 200-day moving average of $2.54. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 0.22.

NEXGEL (NASDAQ:NXGL) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.14) EPS for the quarter. The company had revenue of $1.44 million for the quarter. NEXGEL had a negative net margin of 52.60% and a negative return on equity of 71.26%.

About NEXGEL

NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.