Aquestive Therapeutics (AQST) Issues Earnings Results
Aquestive Therapeutics (NASDAQ:AQST) posted its quarterly earnings results on Thursday. The company reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.91) by $0.35, MarketWatch Earnings reports. The business had revenue of $16.82 million during the quarter, compared to the consensus estimate of $17.05 million. Aquestive Therapeutics updated its FY 2019 guidance to EPS.
Shares of NASDAQ:AQST traded up $0.15 on Friday, hitting $6.52. The stock had a trading volume of 650 shares, compared to its average volume of 114,662. Aquestive Therapeutics has a twelve month low of $5.60 and a twelve month high of $20.70. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.42 and a current ratio of 3.63.
Several institutional investors have recently added to or reduced their stakes in the stock. Crestline Management LP acquired a new stake in shares of Aquestive Therapeutics during the 3rd quarter worth $201,422,000. Perceptive Advisors LLC bought a new stake in Aquestive Therapeutics in the third quarter worth approximately $20,137,000. Alliancebernstein L.P. bought a new stake in Aquestive Therapeutics in the third quarter worth approximately $14,323,000. BlackRock Inc. bought a new stake in Aquestive Therapeutics in the third quarter worth approximately $8,254,000. Finally, Vanguard Group Inc bought a new stake in Aquestive Therapeutics in the third quarter worth approximately $8,055,000. 58.34% of the stock is owned by institutional investors and hedge funds.
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About Aquestive Therapeutics
Aquestive Therapeutics, Inc, a specialty pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs. Its products are developed using its PharmFilm technology. The company's marketed products include Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; and Zuplenz, an oral soluble film formulation of ondansetron antagonist for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery.
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