Pulmatrix (NASDAQ:PULM) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Pulmatrix, Inc. (NASDAQ:PULM)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.06 and traded as high as $2.06. Pulmatrix shares last traded at $2.00, with a volume of 3,923 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Pulmatrix in a report on Friday. They set a “hold” rating for the company.

Pulmatrix Stock Down 2.4 %

The firm has a market cap of $7.30 million, a price-to-earnings ratio of -0.83 and a beta of 1.00. The firm has a fifty day moving average price of $2.06 and a 200-day moving average price of $2.03.

Pulmatrix (NASDAQ:PULM) last issued its quarterly earnings results on Tuesday, August 13th. The biotechnology company reported ($0.87) earnings per share (EPS) for the quarter. Pulmatrix had a negative return on equity of 46.86% and a negative net margin of 95.18%. The business had revenue of $1.55 million during the quarter.

Pulmatrix Company Profile

Pulmatrix, Inc, a clinical stage biotechnology company, focused on development of novel inhaled therapeutic products to prevent and treat respiratory and other diseases with unmet medical needs in the United States. The company offers iSPERSE, an engineered dry powder delivery platform, which enables delivery of small or large molecule drugs to the lungs by inhalation for local or systemic applications.