NEXGEL (NASDAQ:NXGL) Releases Quarterly Earnings Results

NEXGEL (NASDAQ:NXGL) posted its quarterly earnings data on Monday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. NEXGEL had a negative return on equity of 71.19% and a negative net margin of 52.60%.

NEXGEL Price Performance

Shares of NASDAQ NXGL traded up $0.39 during mid-day trading on Monday, reaching $3.09. 74,673 shares of the company were exchanged, compared to its average volume of 64,379. The stock has a market capitalization of $20.98 million, a PE ratio of -5.33 and a beta of 0.62. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 0.19. NEXGEL has a 52 week low of $1.84 and a 52 week high of $5.10. The company’s 50 day moving average price is $3.24 and its 200 day moving average price is $3.27.

About NEXGEL

NEXGEL, Inc manufactures high water content, electron beam cross-linked, and aqueous polymer hydrogels and gels. Its products are used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company was formerly known as AquaMed Technologies, Inc and changed its name to NEXGEL, Inc in November 2019.