Quince Therapeutics, Inc. (NASDAQ:QNCX – Free Report) shares are set to reverse split before the market opens on Tuesday, June 30th. The 1-20 reverse split was announced on Friday, June 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 29th.
Quince Therapeutics Price Performance
NASDAQ QNCX traded down $0.03 on Friday, reaching $0.94. The company had a trading volume of 321,432 shares, compared to its average volume of 5,849,831. The firm has a market capitalization of $15.38 million, a PE ratio of -0.09 and a beta of 1.40. Quince Therapeutics has a 1 year low of $0.79 and a 1 year high of $45.50. The firm has a 50-day moving average of $1.13 and a 200-day moving average of $10.01.
Quince Therapeutics (NASDAQ:QNCX – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.30) by $0.71. As a group, sell-side analysts expect that Quince Therapeutics will post -0.43 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on QNCX
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Superstring Capital Management LP bought a new stake in shares of Quince Therapeutics in the 4th quarter worth about $2,877,000. Quadrature Capital Ltd bought a new position in shares of Quince Therapeutics during the fourth quarter worth about $268,000. 683 Capital Management LLC bought a new position in shares of Quince Therapeutics during the fourth quarter worth about $798,000. Almitas Capital LLC grew its stake in Quince Therapeutics by 88.0% in the fourth quarter. Almitas Capital LLC now owns 930,134 shares of the company’s stock worth $3,116,000 after purchasing an additional 435,356 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Quince Therapeutics in the fourth quarter valued at about $7,538,000. 30.75% of the stock is currently owned by institutional investors.
About Quince Therapeutics
Quince Therapeutics, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing therapeutics for patients with debilitating and rare diseases. The company's lead asset candidature comprises EryDex for the treatment of rare pediatric neurodegenerative disease, including A-T, an inherited autosomal recessive neurodegenerative and immunodeficiency disorder caused by mutations in ATM gene. Its AIDE technology platform, a drug/device combination platform that uses an automated process to encapsulate a drug into a patient's own red blood cells, as well as consists of an automated equipment the RCL, a sterile single-use consumable treatment kit comprising EryKit, Syringe Kit, drugs, and process solutions.
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