Pulmatrix (NASDAQ:PULM) Stock Price Crosses Above 50 Day Moving Average of $1.87

Shares of Pulmatrix, Inc. (NASDAQ:PULM) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.87 and traded as high as $2.01. Pulmatrix shares last traded at $1.84, with a volume of 7,552 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Pulmatrix in a research report on Friday. They set a “hold” rating for the company.

Pulmatrix Stock Performance

The company has a market cap of $6.72 million, a PE ratio of -0.48 and a beta of 0.90. The stock has a fifty day moving average of $1.87 and a 200-day moving average of $1.88.

Pulmatrix (NASDAQ:PULM) last announced its quarterly earnings data on Thursday, March 28th. The biotechnology company reported ($0.57) earnings per share for the quarter. The company had revenue of $2.20 million for the quarter. Pulmatrix had a negative net margin of 193.49% and a negative return on equity of 63.94%.

About Pulmatrix

Pulmatrix, Inc, a clinical stage biotechnology company, discovers and develops inhaled therapies to prevent and treat respiratory and other diseases with unmet medical needs in the United States. The company focuses on developing products based on its inhaled small particles easily respirable and emitted (iSPERSE) technology, which enables delivery of small or large molecule drugs to the lungs by inhalation for local or systemic applications.