Bio-Path (NASDAQ:BPTH) Posts Quarterly Earnings Results

Bio-Path (NASDAQ:BPTH) announced its earnings results on Wednesday. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.02, MarketWatch Earnings reports. During the same quarter last year, the firm earned ($0.49) earnings per share.

Bio-Path Price Performance

Shares of BPTH stock opened at $0.54 on Friday. The stock’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.95. Bio-Path has a twelve month low of $0.32 and a twelve month high of $2.35.

Institutional Trading of Bio-Path

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Bio-Path in the first quarter valued at approximately $38,000. Renaissance Technologies LLC acquired a new stake in Bio-Path in the 2nd quarter worth $70,000. Finally, Citadel Advisors LLC bought a new position in shares of Bio-Path during the 3rd quarter worth about $35,000. Institutional investors own 5.74% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Bio-Path in a research note on Thursday. They set a “sell” rating for the company.

About Bio-Path

Bio-Path Holdings, Inc operates as a clinical and preclinical stage oncology focused RNAi nano particle drug development company in the United States. The company develops products based on DNAbilize, a drug delivery and antisense technology platform that uses P-ethoxy, which is a deoxyribonucleic acid (DNA) backbone modification intended to protect the DNA from destruction.