Artelo Biosciences (NASDAQ:ARTL) released its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.04), MarketWatch Earnings reports.
NASDAQ:ARTL traded down $0.03 during trading hours on Friday, hitting $0.98. 27,605 shares of the stock traded hands, compared to its average volume of 5,222,977. Artelo Biosciences has a 1 year low of $0.45 and a 1 year high of $4.42. The company has a market cap of $14.86 million, a price-to-earnings ratio of -0.79 and a beta of 2.52. The stock has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.85.
Separately, Maxim Group raised shares of Artelo Biosciences from a “hold” rating to a “buy” rating in a report on Thursday, January 7th.
Artelo Biosciences Company Profile
Artelo Biosciences, Inc, a clinical stage biopharmaceutical company, focuses on developing and commercializing treatments to modulate the endocannabinoid system. Its product candidate pipeline includes ART27.13, a synthetic G protein-coupled receptor agonist, which is in Phase 1 clinical trial for the treatment of anorexia associated with cancer; ART12.11, a synthetic cannabidiol cocrystal for the treatment of inflammatory bowel disease and post-traumatic stress disorder (PTSD); and ART26.12, a fatty acid binding protein 5 inhibitor for prostate and breast cancer treatment, as well as for treating PTSD.
Recommended Story: How does equity income fit into an investing strategy?
Receive News & Ratings for Artelo Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artelo Biosciences and related companies with MarketBeat.com's FREE daily email newsletter.