Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Director Buys $50,050.00 in Stock

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Director Richard S. Kollender bought 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $0.77 per share, for a total transaction of $50,050.00. Following the transaction, the director now owns 96,718 shares of the company’s stock, valued at $74,472.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rapid Micro Biosystems Stock Performance

NASDAQ RPID remained flat at $0.85 on Friday. The company had a trading volume of 204,923 shares, compared to its average volume of 50,674. Rapid Micro Biosystems, Inc. has a twelve month low of $0.58 and a twelve month high of $1.19. The business has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.86.

Rapid Micro Biosystems (NASDAQ:RPID) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01). Rapid Micro Biosystems had a negative return on equity of 45.23% and a negative net margin of 204.22%. The firm had revenue of $6.62 million during the quarter, compared to the consensus estimate of $6.02 million. During the same period in the previous year, the company posted ($0.33) earnings per share. As a group, sell-side analysts predict that Rapid Micro Biosystems, Inc. will post -1.08 EPS for the current fiscal year.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.