Fortress Biotech (FBIO) Earning Positive News Coverage, Report Shows

News articles about Fortress Biotech (NASDAQ:FBIO) have been trending positive on Tuesday, according to AlphaOne. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortress Biotech earned a media sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also assigned media stories about the biopharmaceutical company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.

Insider Buying and Selling by Quarter for Fortress Biotech (NASDAQ:FBIO)

Shares of Fortress Biotech (NASDAQ:FBIO) traded up 2.16% during mid-day trading on Tuesday, reaching $4.72. The company’s stock had a trading volume of 90,183 shares. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $3.20. The company’s market capitalization is $237.57 million. Fortress Biotech has a 1-year low of $1.88 and a 1-year high of $4.78.

Fortress Biotech (NASDAQ:FBIO) last issued its earnings results on Wednesday, May 10th. The biopharmaceutical company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.06. The business had revenue of $2.78 million during the quarter, compared to the consensus estimate of $47.04 million. Fortress Biotech had a negative return on equity of 63.99% and a negative net margin of 269.14%. Analysts predict that Fortress Biotech will post ($1.28) earnings per share for the current fiscal year.

Several analysts have commented on the company. ValuEngine raised Fortress Biotech from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Zacks Investment Research raised Fortress Biotech from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Tuesday, June 13th. FBR & Co reissued a “buy” rating on shares of Fortress Biotech in a report on Thursday, April 6th. Finally, JMP Securities assumed coverage on Fortress Biotech in a report on Wednesday, March 22nd. They issued an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Fortress Biotech has a consensus rating of “Buy” and an average price target of $9.00.

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About Fortress Biotech

Fortress Biotech, Inc, formerly Coronado Biosciences, Inc, is a biopharmaceutical company. The Company is involved in the development of immunotherapy agents for the treatment of autoimmune diseases and cancer. Its sole product candidate is CNDO-109. The Company is also focused on acquiring, developing and commercializing pharmaceutical and biotechnology products.

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