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The bullish case for Applied Genetic Technologies Corp (NASDAQ: AGTC), a nano-cap biotech conducting human clinical trials of adeno-associated virus-based gene therapies, can be made on the basis of an encouraging pipeline and valuation reasons, according to Wells Fargo.
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Applied Genetic Technologies: Fiscal Q3 Earnings Snapshot
by The Associated Press
Last Updated May 17, 2021 at 5:27 pm EDT
ALACHUA, Fla. (AP) Applied Genetic Technologies Corp. (AGTC) on Monday reported a loss of $14.9 million in its fiscal third quarter.
The Alachua, Florida-based company said it had a loss of 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
In the final minutes of trading on Monday, the company’s shares hit $3.84. A year ago, they were trading at $4.10.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGTC at https://www.zacks.com/ap/AGTC
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