Rapid Micro Biosystems (NASDAQ:RPID) Trading Down 5.8%

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) shares dropped 5.8% on Thursday . The stock traded as low as $0.58 and last traded at $0.60. Approximately 46,422 shares were traded during trading, an increase of 67% from the average daily volume of 27,770 shares. The stock had previously closed at $0.64.

Rapid Micro Biosystems Stock Performance

The firm has a market cap of $25.84 million, a PE ratio of -0.50 and a beta of 1.06. The company’s 50-day simple moving average is $0.80 and its two-hundred day simple moving average is $0.90.

Rapid Micro Biosystems (NASDAQ:RPID) last posted its earnings results on Friday, May 3rd. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.02). Rapid Micro Biosystems had a negative return on equity of 42.25% and a negative net margin of 224.73%. The company had revenue of $5.61 million during the quarter, compared to analysts’ expectations of $5.57 million. On average, analysts expect that Rapid Micro Biosystems, Inc. will post -1.09 EPS for the current year.

Rapid Micro Biosystems Company Profile

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.