BeOne Medicines Ltd. – Sponsored ADR (NASDAQ:ONC – Get Free Report) Director Alessandro Riva sold 212 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $309.51, for a total transaction of $65,616.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
BeOne Medicines Stock Performance
NASDAQ:ONC opened at $300.01 on Thursday. The company has a quick ratio of 3.27, a current ratio of 3.64 and a debt-to-equity ratio of 0.20. BeOne Medicines Ltd. – Sponsored ADR has a fifty-two week low of $235.57 and a fifty-two week high of $385.22. The stock has a market cap of $32.92 billion, a PE ratio of 67.12 and a beta of 0.50. The firm’s fifty day simple moving average is $301.85 and its 200-day simple moving average is $321.12.
BeOne Medicines (NASDAQ:ONC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The company reported $0.25 earnings per share for the quarter. BeOne Medicines had a net margin of 8.94% and a return on equity of 12.06%. The business had revenue of $1.51 billion for the quarter. Analysts expect that BeOne Medicines Ltd. – Sponsored ADR will post 5.65 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONC. Cetera Investment Advisers purchased a new position in BeOne Medicines in the 2nd quarter valued at about $455,000. Rhumbline Advisers purchased a new position in BeOne Medicines in the 2nd quarter valued at about $275,000. Arrowstreet Capital Limited Partnership purchased a new position in BeOne Medicines in the 2nd quarter valued at about $505,000. Invesco Ltd. purchased a new position in BeOne Medicines in the 2nd quarter valued at about $422,000. Finally, EverSource Wealth Advisors LLC purchased a new position in BeOne Medicines in the 2nd quarter valued at about $68,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.
BeOne Medicines Company Profile
BeOne Medicines Ltd. is a global oncology company domiciled in Switzerland that is discovering and developing innovative treatments that are more affordable and accessible to cancer patients worldwide. The firm portfolio spanning hematology and solid tumors, BeOne is expediting development of its diverse pipeline of novel therapeutics through its internal capabilities and collaborations. The company was founded by Xiao Dong Wang and John V. Oyler on October 28, 2010 and is headquartered in Basel, Switzerland.
Recommended Stories
- Five stocks we like better than BeOne Medicines
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for BeOne Medicines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BeOne Medicines and related companies with MarketBeat.com's FREE daily email newsletter.
