StockNews.com started coverage on shares of BioLineRx (NASDAQ:BLRX – Free Report) in a research note released on Thursday morning. The brokerage issued a hold rating on the biotechnology company’s stock.
BioLineRx Price Performance
Shares of BLRX stock opened at $0.43 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.61 and a quick ratio of 1.49. The company has a market capitalization of $34.06 million, a PE ratio of -0.95 and a beta of 1.48. The firm’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.63. BioLineRx has a 12 month low of $0.39 and a 12 month high of $1.93.
BioLineRx (NASDAQ:BLRX – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The biotechnology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The firm had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $3.93 million. Analysts predict that BioLineRx will post -0.25 earnings per share for the current year.
Institutional Investors Weigh In On BioLineRx
About BioLineRx
BioLineRx Ltd., a commercial stage biopharmaceutical company, develops and commercializes therapeutics for oncology and rare diseases. The company's pipeline includes APHEXDA (motixafortide), a peptide that is in Phase 1 clinical trial for the treatment of sickle cell disease, and Phase 2b clinical trial for the treatment of pancreatic cancer, as well as completed Phase 3 clinical trial for the treatment of multiple myeloma.
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