Keryx Biopharmaceuticals (KERX) Announces Earnings Results, Beats Estimates By $0.01 EPS
Keryx Biopharmaceuticals (NASDAQ:KERX) issued its quarterly earnings data on Thursday. The biopharmaceutical company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01, MarketWatch Earnings reports. The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $29.56 million.
NASDAQ KERX traded up $0.21 on Friday, hitting $3.24. The stock had a trading volume of 3,342,206 shares, compared to its average volume of 879,466. Keryx Biopharmaceuticals has a 52-week low of $2.74 and a 52-week high of $5.98. The firm has a market capitalization of $359.92 million, a P/E ratio of -3.68 and a beta of 2.46.
An institutional investor recently raised its position in Keryx Biopharmaceuticals stock. Bank of New York Mellon Corp grew its position in Keryx Biopharmaceuticals (NASDAQ:KERX) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,056,811 shares of the biopharmaceutical company’s stock after purchasing an additional 102,014 shares during the quarter. Bank of New York Mellon Corp owned about 0.88% of Keryx Biopharmaceuticals worth $3,974,000 at the end of the most recent reporting period. 59.41% of the stock is owned by hedge funds and other institutional investors.
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Keryx Biopharmaceuticals Company Profile
Keryx Biopharmaceuticals, Inc, a commercial stage biopharmaceutical company, focuses on providing medicines for patients with kidney disease in the United States. It markets its lead product Auryxia (ferric citrate), an orally available, absorbable, iron-based medicine for the control of serum phosphorus levels in patients with chronic kidney disease (CKD) on dialysis, as well as for the treatment of iron deficiency anemia in adults with CKD not on dialysis.
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