Notable News Spotlight: Kindred Biosciences (NASDAQ:KIN)
Kindred Biosciences (NASDAQ:KIN) changed 4.42% to recent value of $8.51. The stock transacted 96597 shares during most recent day however it has an average volume of 139.04K shares. It spotted trading -43.68% off 52-week high price. On the other end, the stock has been noted 42.79% away from the low price over the last 52-weeks.
On Oct. 28, 2019, Kindred Biosciences (NASDAQ:KIN) a commercial-stage biopharmaceutical company focused on saving and improving the lives of pets, will release its third quarter 2019 financial results on November 12, 2019, after the market close. The Company will host a conference call at 4:30 p.m. Eastern time/1:30 p.m. Pacific time that day.
About Kindred Biosciences
Kindred Biosciences is a commercial-stage biopharmaceutical company focused on saving and improving the lives of pets. Its mission is to bring to pets the same kinds of safe and effective medicines that human family members enjoy. The company’s strategy is to identify compounds and targets that have already demonstrated safety and efficacy in humans and to develop therapeutics based on these validated compounds and targets for dogs, cats, and horses. KindredBio has a deep pipeline of novel drugs and biologics in development across many therapeutic classes. Its first approved drug is Mirataz® (mirtazapine transdermal ointment) for the management of weight loss in cats.
KIN has a gross margin of 84.30%. Its earnings per share (EPS) expected to touch remained -30.20% for this year while earning per share for the next 5-years is expected to reach at 40.00%.
The company has 39.06M of outstanding shares and 36.77M shares were floated in the market. According to the most recent quarter its current ratio was 11.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 19.38% from the mean of 20 days, 16.98% from mean of 50 days SMA and performed 0.79% from mean of 200 days price. Company’s performance for the week was 3.78%, 22.62% for month and YTD performance remained -22.28%.
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