State Street Corp Sells 53,700 Shares of Beyond Air, Inc. (NASDAQ:XAIR)

State Street Corp cut its position in Beyond Air, Inc. (NASDAQ:XAIR) by 34.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 100,607 shares of the company’s stock after selling 53,700 shares during the period. State Street Corp owned approximately 0.21% of Beyond Air worth $39,000 as of its most recent SEC filing.

Separately, Point72 Asia Singapore Pte. Ltd. purchased a new position in Beyond Air in the 2nd quarter worth approximately $47,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

Beyond Air Stock Up 0.2 %

Beyond Air stock opened at $0.36 on Friday. The firm has a market cap of $25.99 million, a price-to-earnings ratio of -0.26 and a beta of -0.23. The company has a current ratio of 5.76, a quick ratio of 5.38 and a debt-to-equity ratio of 0.37. Beyond Air, Inc. has a 12 month low of $0.30 and a 12 month high of $2.17. The stock has a fifty day simple moving average of $0.48 and a two-hundred day simple moving average of $0.50.

Beyond Air (NASDAQ:XAIR) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.02. The company had revenue of $0.80 million during the quarter, compared to the consensus estimate of $1.19 million. Beyond Air had a negative return on equity of 227.29% and a negative net margin of 2,369.17%. During the same period last year, the company earned ($0.51) EPS. Equities analysts predict that Beyond Air, Inc. will post -0.78 EPS for the current fiscal year.

Beyond Air Profile

Beyond Air, Inc operates as a commercial-stage medical device and biopharmaceutical company in the United States. The company engages in the development of LungFit platform, a nitric oxide generator and delivery system. It offers LungFit PH for the treatment of persistent pulmonary hypertension of the newborn.