DiaMedica Therapeutics (NASDAQ:DMAC) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS
DiaMedica Therapeutics (NASDAQ:DMAC) posted its quarterly earnings results on Tuesday. The company reported ($0.21) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.07, Morningstar.com reports.
NASDAQ:DMAC traded down $0.86 on Wednesday, reaching $2.60. 9,939 shares of the company’s stock were exchanged, compared to its average volume of 71,483. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 0.01. DiaMedica Therapeutics has a 52 week low of $2.46 and a 52 week high of $5.93. The company has a fifty day moving average of $4.00.
In other DiaMedica Therapeutics news, Director Richard D. Pilnik bought 19,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $2.80 per share, for a total transaction of $53,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.80% of the stock is owned by company insiders.
Several research firms recently weighed in on DMAC. Dougherty & Co began coverage on shares of DiaMedica Therapeutics in a research report on Tuesday, April 30th. They set a “buy” rating and a $8.00 price target for the company. Zacks Investment Research lowered shares of DiaMedica Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Craig Hallum increased their price target on shares of DiaMedica Therapeutics from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, ValuEngine upgraded shares of DiaMedica Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.38.
About DiaMedica Therapeutics
DiaMedica Therapeutics Inc, a clinical-stage biopharmaceutical company, engages in the development of treatments for neurological and kidney diseases. The company's lead product is DM199, a recombinant human tissue kallikrein-1 protein, which is in Phase II clinical trials for the treatment of acute ischemic stroke and kidney injury indications.
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