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- Despite its growing revenue, the company underperformed as compared with the industry average of 7.1%. Since the same quarter one year prior, revenues slightly increased by 0.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- ASTX has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.62, which clearly demonstrates the ability to cover short-term cash needs.
- ASTEX PHARMACEUTICALS INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Stable earnings per share over the past year indicate the company has managed its earnings and share float. We anticipate this stability to falter in the coming year and, in turn, the company to deliver lower earnings per share than prior full year. During the past fiscal year, ASTEX PHARMACEUTICALS INC reported lower earnings of $0.08 versus $0.09 in the prior year. For the next year, the market is expecting a contraction of 500.0% in earnings (-$0.32 versus $0.08).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Biotechnology industry. The net income has significantly decreased by 88.5% when compared to the same quarter one year ago, falling from $4.24 million to $0.49 million.
-- Written by a member of TheStreet Ratings Staff
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