ImmunoGen, Inc. (NASDAQ:IMGN) saw some unusual options trading activity on Wednesday. Investors purchased 11,883 call options on the stock. This is an increase of 1,287% compared to the typical daily volume of 857 call options.
Shares of ImmunoGen stock opened at $5.80 on Thursday. The firm has a market capitalization of $1.17 billion, a PE ratio of -20.00 and a beta of 1.33. The firm’s 50 day moving average is $5.77 and its 200 day moving average is $6.32. ImmunoGen has a 1 year low of $4.97 and a 1 year high of $10.88.
ImmunoGen (NASDAQ:IMGN) last announced its quarterly earnings results on Friday, July 30th. The biotechnology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.03. The company had revenue of $16.90 million for the quarter, compared to analyst estimates of $18.92 million. ImmunoGen had a negative net margin of 40.82% and a negative return on equity of 106.62%. ImmunoGen’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts predict that ImmunoGen will post -0.73 EPS for the current year.
ImmunoGen Company Profile
ImmunoGen, Inc engages in the discovery and development of antibody-drug conjugates to improve outcomes for cancer patients. Its pipeline includes Mirvetuximab Soravtansine, IMGN632, IMGC936, and IMGN151. The company was founded on March 27, 1981 and is headquartered in Waltham, MA.
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