Fortress Biotech (FBIO) Expected to Announce Earnings on Thursday

Fortress Biotech (NASDAQ:FBIO) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.79) per share and revenue of $16.30 million for the quarter.

Fortress Biotech Stock Performance

Fortress Biotech stock opened at $1.72 on Thursday. The company has a market capitalization of $47.48 million, a P/E ratio of -0.56 and a beta of 1.75. The firm’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.79. Fortress Biotech has a 1-year low of $1.36 and a 1-year high of $2.89.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and issued a $16.00 target price (up from $15.00) on shares of Fortress Biotech in a research note on Tuesday, March 11th.

Fortress Biotech Company Profile

Fortress Biotech, Inc, a biopharmaceutical company, develops dermatology, pharmaceutical, and biotechnology products in the United States. The company markets dermatology products, such as Qbrexza a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane capsules for severe recalcitrant nodular acne; Amzeeq for severe acne vulgaris; Zilxi, a topical foam; Exelderm cream and solution for topical use; Targadox an oral doxycycline drug for adjunctive therapy for severe acne; Luxamend; sulconazole nitrate cream and solution for tinea cruris and tinea corporis; and doxycycline hyclate tablet.