Protalix Biotherapeutics (PLX) Releases Earnings Results, Beats Expectations By $0.12 EPS

Protalix Biotherapeutics (NYSEAMERICAN:PLX) released its earnings results on Monday. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12, Morningstar.com reports. The company had revenue of $27.02 million during the quarter, compared to analysts’ expectations of $10.45 million.

Shares of Protalix Biotherapeutics stock traded up $0.01 during trading on Tuesday, hitting $0.49. 1,491 shares of the company’s stock traded hands, compared to its average volume of 668,200. Protalix Biotherapeutics has a 1 year low of $0.27 and a 1 year high of $0.83.

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its position in shares of Protalix Biotherapeutics by 44.4% during the fourth quarter. Virtu Financial LLC now owns 91,862 shares of the company’s stock valued at $29,000 after buying an additional 28,236 shares during the last quarter. Fosun International Ltd purchased a new stake in shares of Protalix Biotherapeutics during the third quarter valued at $1,881,000. Finally, Renaissance Technologies LLC boosted its position in shares of Protalix Biotherapeutics by 24.9% during the third quarter. Renaissance Technologies LLC now owns 3,266,401 shares of the company’s stock valued at $2,374,000 after buying an additional 651,701 shares during the last quarter.

PLX has been the topic of several recent analyst reports. Zacks Investment Research raised Protalix Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. HC Wainwright set a $4.00 price objective on Protalix Biotherapeutics and gave the company a “buy” rating in a research report on Thursday, December 13th.

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About Protalix Biotherapeutics

Protalix BioTherapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx protein expression system in Israel and internationally. The company offers Elelyso, a plant cell expressed recombinant glucocerebrosidase enzyme for the treatment of Gaucher disease.

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Earnings History for Protalix Biotherapeutics (NYSEAMERICAN:PLX)

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