TRACON Pharmaceuticals (NASDAQ:TCON) released its earnings results on Tuesday. The biopharmaceutical company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.03), Fidelity Earnings reports.

NASDAQ TCON opened at $0.68 on Thursday. The company has a market capitalization of $20.03 million, a price-to-earnings ratio of -0.53 and a beta of 2.78. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.25. TRACON Pharmaceuticals has a 52 week low of $0.50 and a 52 week high of $3.20.

Several research firms have commented on TCON. Zacks Investment Research cut TRACON Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 8th. Needham & Company LLC restated a “buy” rating and issued a $7.00 target price on shares of TRACON Pharmaceuticals in a research note on Friday, March 1st. Finally, BTIG Research cut TRACON Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note on Friday, April 12th.

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TRACON Pharmaceuticals Company Profile

TRACON Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for cancer and wet age-related macular degeneration (AMD). Its lead product candidate is TRC105, an endoglin antibody, which is in randomized Phase III clinical trial for angiosarcoma; Phase I/II clinical trial for hepatocellular carcinoma; Phase I clinical trial for lung cancer; Phase I/II clinical trial for breast cancer; Phase II clinical trials for prostate cancer; and randomized Phase II clinical trial for wet AMD.

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Earnings History for TRACON Pharmaceuticals (NASDAQ:TCON)

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