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ABVC BioPharma’s (OTCMKTS:ABVC) lock-up interval will expire on Monday, January thirty first. ABVC BioPharma had issued 1,100,000 shares in its IPO on August third. The entire measurement of the providing was $6,875,000 based mostly on an preliminary share value of $6.25. After the tip of ABVC BioPharma’s lock-up interval, restrictions stopping main shareholders and firm insiders from promoting shares within the firm will probably be lifted.
OTCMKTS:ABVC opened at $2.72 on Monday. The corporate has a debt-to-equity ratio of 0.01, a fast ratio of two.05 and a present ratio of two.07. The corporate has a fifty day shifting common of $3.35 and a two-hundred day shifting common of $3.30. ABVC BioPharma has a fifty-two week low of $1.95 and a fifty-two week excessive of $11.69.
ABVC BioPharma (OTCMKTS:ABVC) final introduced its quarterly earnings knowledge on Monday, November fifteenth. The corporate reported ($0.07) earnings per share (EPS) for the quarter, lacking the Zacks’ consensus estimate of ($0.04) by ($0.03). ABVC BioPharma had a unfavorable web margin of two,145.77% and a unfavorable return on fairness of 318.25%. The agency had income of $0.10 million throughout the quarter, in comparison with analysts’ expectations of $0.14 million. As a bunch, sell-side analysts anticipate that ABVC BioPharma will put up -0.23 earnings per share for the present yr.
A number of institutional traders and hedge funds have just lately modified their holdings of the corporate. Credit score Suisse AG acquired a brand new stake in ABVC BioPharma within the third quarter valued at roughly $27,000. Squarepoint Ops LLC bought a brand new stake in ABVC BioPharma within the third quarter valued at $44,000. Lastly, Geode Capital Administration LLC bought a brand new stake in ABVC BioPharma within the third quarter valued at $115,000. 0.79% of the inventory is at the moment owned by institutional traders and hedge funds.
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ABVC BioPharma Firm Profile
ABVC BioPharma, Inc is a medical stage biopharmaceutical firm, which engages within the growth of latest medication and medical gadgets. The agency’s merchandise pipeline embrace ABV-1501, which is a mixture remedy for triple unfavorable breast most cancers (TNBC); ABV-1504 is a botanical reuptake inhibitor that targets norepinephrine; ABV-1505 for treating consideration deficit hyperactivity dysfunction (ADHD); ABV-1702 is to deal with myelodysplastic syndromes (MDS); ABV-1703 for Pancreatic Most cancers; ABV-1601 for treating melancholy in most cancers sufferers; ABV-1701 is a vitreous substitute for vitrectomy; ABV-2001; and ABV-2002.
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This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]
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