JPMorgan Chase & Co. lowered its stake in Rapid Micro Biosystems, Inc. (NASDAQ:RPID – Free Report) by 44.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 321,330 shares of the company’s stock after selling 252,598 shares during the period. JPMorgan Chase & Co. owned 0.75% of Rapid Micro Biosystems worth $286,000 as of its most recent filing with the Securities & Exchange Commission.
Rapid Micro Biosystems Trading Up 18.6 %
Shares of NASDAQ:RPID opened at $1.91 on Friday. The stock has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $0.96. Rapid Micro Biosystems, Inc. has a 12-month low of $0.58 and a 12-month high of $2.00. The stock has a market capitalization of $82.19 million, a price-to-earnings ratio of -1.71 and a beta of 1.07.
Rapid Micro Biosystems (NASDAQ:RPID – Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Rapid Micro Biosystems had a negative return on equity of 48.05% and a negative net margin of 184.93%. The company had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $6.30 million. During the same period in the prior year, the firm earned ($0.31) EPS. As a group, equities research analysts predict 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.
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