Rapid Micro Biosystems, Inc. (NASDAQ:RPID – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 43,600 shares, a drop of 25.1% from the December 15th total of 58,200 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 74,900 shares, the days-to-cover ratio is currently 0.6 days.
Rapid Micro Biosystems Trading Up 2.5 %
Shares of NASDAQ:RPID traded up $0.03 during trading on Friday, hitting $1.23. 302,298 shares of the company’s stock were exchanged, compared to its average volume of 192,505. The firm has a 50-day moving average price of $1.04 and a two-hundred day moving average price of $0.90. Rapid Micro Biosystems has a 1-year low of $0.58 and a 1-year high of $1.45. The firm has a market cap of $52.93 million, a P/E ratio of -1.10 and a beta of 1.07.
Rapid Micro Biosystems (NASDAQ:RPID – Get Free Report) last issued its earnings results on Friday, November 1st. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The business had revenue of $7.60 million for the quarter, compared to the consensus estimate of $6.30 million. Rapid Micro Biosystems had a negative net margin of 184.93% and a negative return on equity of 48.05%. During the same quarter in the previous year, the firm posted ($0.31) EPS. As a group, research analysts predict that Rapid Micro Biosystems will post -1.09 EPS for the current year.
About Rapid Micro Biosystems
Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.
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