Rockwell Medical (NASDAQ:RMTI) issued its quarterly earnings data on Thursday, March 15th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05), Bloomberg Earnings reports. The company had revenue of $14.84 million for the quarter, compared to the consensus estimate of $13.20 million. Rockwell Medical had a negative return on equity of 61.67% and a negative net margin of 45.24%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share.
Shares of NASDAQ:RMTI opened at $5.27 on Friday. Rockwell Medical has a 12 month low of $4.84 and a 12 month high of $8.98.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of Rockwell Medical from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Rockwell Medical from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, ValuEngine cut shares of Rockwell Medical from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd.
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About Rockwell Medical
Rockwell Medical, Inc (Rockwell) is a biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis. The Company operates through the hemodialysis market segment, which involves the manufacture, sale and distribution of hemodialysis products to hemodialysis clinics, including pharmaceutical, dialysis concentrates, dialysis kits and other ancillary products used in the dialysis process.
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