ContraFect (NASDAQ:CFRX) released its quarterly earnings results on Thursday. The biotechnology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.17, MarketWatch Earnings reports.
Shares of NASDAQ:CFRX opened at $0.40 on Friday. The stock has a market cap of $32.16 million, a price-to-earnings ratio of -1.08 and a beta of -0.49. ContraFect has a 1-year low of $0.35 and a 1-year high of $2.93.
A hedge fund recently raised its stake in ContraFect stock. Geode Capital Management LLC lifted its holdings in ContraFect Corp (NASDAQ:CFRX) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 377,908 shares of the biotechnology company’s stock after purchasing an additional 29,009 shares during the quarter. Geode Capital Management LLC owned about 0.48% of ContraFect worth $578,000 as of its most recent SEC filing. 55.57% of the stock is currently owned by institutional investors and hedge funds.
ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that is in Phase II human clinical trials for the treatment of Staphylococcus aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible; and CF-404, a combination of monoclonal antibodies (mAbs), which is in preclinical trial stage for the treatment of life-threatening seasonal and pandemic varieties of human influenza.
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