Revance Therapeutics (NASDAQ:RVNC) released its earnings results on Sunday. The biopharmaceutical company reported ($1.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.25) by $0.01, MarketWatch Earnings reports. Revance Therapeutics had a negative return on equity of 85.72% and a negative net margin of 5,818.87%.
Shares of RVNC traded down $1.10 during trading hours on Tuesday, hitting $25.86. The stock had a trading volume of 45,639 shares, compared to its average volume of 425,713. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.07 and a quick ratio of 7.01. The firm has a 50 day simple moving average of $28.31 and a 200-day simple moving average of $26.92. The firm has a market capitalization of $1.72 billion, a P/E ratio of -5.70 and a beta of 1.42. Revance Therapeutics has a 1-year low of $11.78 and a 1-year high of $34.62.
In other news, insider Aubrey Rankin sold 33,119 shares of the firm’s stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $23.85, for a total value of $789,888.15. Following the completion of the sale, the insider now directly owns 67,871 shares in the company, valued at approximately $1,618,723.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.80% of the company’s stock.
About Revance Therapeutics
Revance Therapeutics, Inc, a biotechnology company, engages in the development, manufacture, and commercialization of neuromodulators for various aesthetic and therapeutic indications in the United States and internationally. The company's lead drug candidate is DaxibotulinumtoxinA for injection (DAXI) which competed phase 3 clinical trials for the treatment of glabellar (frown) lines and cervical dystonia; in phase 2 clinical trials to treat adult upper limb spasticity and plantar fasciitis, and in pre-clinical trials to treat chronic migraine.
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