Galena Biopharma, Inc. (NASDAQ:GALE) issued its quarterly earnings results on Monday. The biotechnology company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.01, Morningstar.com reports. During the same period in the previous year, the business earned $0.05 EPS.

Shares of Galena Biopharma (NASDAQ GALE) traded down 1.6292% during trading on Wednesday, reaching $0.3502. 20,056 shares of the company traded hands. Galena Biopharma has a 12 month low of $0.26 and a 12 month high of $9.10. The firm’s market capitalization is $13.11 million. The firm has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.63.

Several brokerages recently commented on GALE. Maxim Group reaffirmed a “hold” rating on shares of Galena Biopharma in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Galena Biopharma from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, ValuEngine lowered shares of Galena Biopharma from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

TRADEMARK VIOLATION NOTICE: This article was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://theolympiareport.com/2017/08/16/galena-biopharma-inc-gale-announces-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.

Several hedge funds have recently bought and sold shares of GALE. Virtu KCG Holdings LLC boosted its stake in Galena Biopharma by 677.4% in the second quarter. Virtu KCG Holdings LLC now owns 224,050 shares of the biotechnology company’s stock valued at $130,000 after buying an additional 195,230 shares in the last quarter. Vanguard Group Inc. boosted its stake in Galena Biopharma by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,332,434 shares of the biotechnology company’s stock valued at $774,000 after buying an additional 13,302 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Galena Biopharma during the first quarter valued at approximately $976,000. Institutional investors and hedge funds own 21.73% of the company’s stock.

Galena Biopharma Company Profile

Galena Biopharma, Inc is a biopharmaceutical company. The Company focuses on developing and commercializing targeted oncology therapeutics that address unmet medical needs. The Company’s development portfolio ranges from mid- to late-stage clinical assets, including cancer immunotherapy program led by NeuVax (nelipepimut-S), GALE-301 and GALE-302.

Earnings History for Galena Biopharma (NASDAQ:GALE)

Receive News & Ratings for Galena Biopharma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galena Biopharma Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.