Melinta Therapeutics (MLNT) Scheduled to Post Quarterly Earnings on Wednesday

Melinta Therapeutics (NASDAQ:MLNT) will be announcing its earnings results after the market closes on Wednesday, March 13th. Analysts expect the company to announce earnings of ($5.03) per share for the quarter.

Shares of NASDAQ:MLNT opened at $4.77 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.46. Melinta Therapeutics has a one year low of $3.20 and a one year high of $67.75. The firm has a market capitalization of $50.42 million, a price-to-earnings ratio of -0.04 and a beta of 2.13.

A hedge fund recently raised its stake in Melinta Therapeutics stock. Geode Capital Management LLC lifted its stake in shares of Melinta Therapeutics Inc (NASDAQ:MLNT) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 418,753 shares of the biotechnology company’s stock after acquiring an additional 13,337 shares during the period. Geode Capital Management LLC owned approximately 3.74% of Melinta Therapeutics worth $331,000 as of its most recent SEC filing. Institutional investors and hedge funds own 67.15% of the company’s stock.

Several research analysts have commented on MLNT shares. Zacks Investment Research raised shares of Melinta Therapeutics from a “hold” rating to a “strong-buy” rating and set a $7.50 price target for the company in a report on Thursday, February 21st. LADENBURG THALM/SH SH reissued a “buy” rating and issued a $70.00 price target on shares of Melinta Therapeutics in a report on Tuesday, December 18th. Finally, Gabelli downgraded shares of Melinta Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, December 20th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.00.

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About Melinta Therapeutics

Melinta Therapeutics, Inc, a commercial-stage pharmaceutical company, discovers, develops, and commercializes various anti-infectives for the treatment of bacterial infectious diseases in North America. It offers Baxdela, an antibiotic for the treatment of acute bacterial skin and skin structure infections (ABSSSI); Vabomere, a carbapenem used in treatment of gram-negative infections; Orbactiv, an antibiotic of the lipoglycopeptide class for the treatment of adult patients with ABSSSIs; and Minocin, a IV antibiotic of the tetracycline class with activity against gram-positive and gram-negative pathogens, as well as Solithromycin, a macrolide antibiotic for the treatment of CABP.

Further Reading: Momentum Investing

Earnings History for Melinta Therapeutics (NASDAQ:MLNT)

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