PFG Investments LLC Purchases New Position in Kineta, Inc. (NASDAQ:KA)

PFG Investments LLC acquired a new position in shares of Kineta, Inc. (NASDAQ:KA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 326,988 shares of the company’s stock, valued at approximately $174,000. PFG Investments LLC owned approximately 2.67% of Kineta at the end of the most recent reporting period.

Kineta Stock Performance

NASDAQ:KA opened at $0.77 on Friday. The stock has a market capitalization of $9.42 million, a P/E ratio of -0.51 and a beta of 0.46. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.05. Kineta, Inc. has a 1 year low of $0.33 and a 1 year high of $5.39. The firm has a 50 day moving average of $0.66 and a 200-day moving average of $0.60.

Kineta (NASDAQ:KA) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Kineta, Inc. will post -1.41 EPS for the current fiscal year.

Kineta Profile

Kineta, Inc is a clinical-stage biotechnology company with a focus on developing immunotherapies that transform patients' lives. It focuses on developing potentially differentiated immunotherapies that address the challenges with current cancer therapy. The company's immuno-oncology pipeline includes KVA12123, a VISTA blocking immunotherapy in development as a twice weekly monoclonal antibody (mAb) infusion drug.