Sophiris Bio (SPHS) Stock Price Down 7.9%

Shares of Sophiris Bio Inc (NASDAQ:SPHS) were down 7.9% during trading on Monday . The company traded as low as $1.90 and last traded at $1.97. Approximately 623,491 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 258,958 shares. The stock had previously closed at $2.14.

A number of analysts have commented on SPHS shares. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Sophiris Bio in a report on Friday, November 10th. ValuEngine raised Sophiris Bio from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. Finally, Maxim Group set a $6.00 price objective on Sophiris Bio and gave the stock a “buy” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.25.

The company has a debt-to-equity ratio of 0.60, a current ratio of 13.37 and a quick ratio of 13.37. The firm has a market cap of $64.44, a price-to-earnings ratio of -15.15 and a beta of 1.88.

Sophiris Bio (NASDAQ:SPHS) last issued its quarterly earnings data on Thursday, November 9th. The biopharmaceutical company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). research analysts anticipate that Sophiris Bio Inc will post -0.26 EPS for the current year.

A hedge fund recently bought a new stake in Sophiris Bio stock. Mesirow Financial Investment Management Inc. acquired a new position in Sophiris Bio Inc (NASDAQ:SPHS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,510 shares of the biopharmaceutical company’s stock, valued at approximately $120,000. Mesirow Financial Investment Management Inc. owned 0.18% of Sophiris Bio at the end of the most recent reporting period. Institutional investors and hedge funds own 5.51% of the company’s stock.

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About Sophiris Bio

Sophiris Bio, Inc, formerly Protox Therapeutics Inc, is a Canada-based biopharmaceutical company focused on the research, development and commercialization of products for the treatment of urological diseases. The Company has operations based in San Diego developing a treatment for benign prostatic hyperplasia (benign prostatic hyperplasia (BPH) or enlarged prostate).

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