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MAIA Biotechnology (NYSEAMERICAN:MAIA) Stock Price Down 3.4% - Here's What Happened

MAIA Biotechnology logo with Medical background

MAIA Biotechnology, Inc. (NYSEAMERICAN:MAIA - Get Free Report)'s stock price fell 3.4% on Thursday . The stock traded as low as $2.36 and last traded at $2.57. 120,695 shares changed hands during trading, a decline of 59% from the average session volume of 292,118 shares. The stock had previously closed at $2.66.

MAIA Biotechnology Trading Down 2.3 %

The firm has a market cap of $60.01 million, a P/E ratio of -1.54 and a beta of 0.31.

MAIA Biotechnology (NYSEAMERICAN:MAIA - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.16. As a group, analysts expect that MAIA Biotechnology, Inc. will post -1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MAIA. Virtu Financial LLC bought a new stake in shares of MAIA Biotechnology during the 1st quarter valued at $71,000. Mather Group LLC. lifted its position in MAIA Biotechnology by 50,150.0% during the second quarter. Mather Group LLC. now owns 12,060 shares of the company's stock valued at $41,000 after purchasing an additional 12,036 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in MAIA Biotechnology during the second quarter valued at about $56,000. 5.65% of the stock is owned by hedge funds and other institutional investors.

MAIA Biotechnology Company Profile

(Get Free Report)

MAIA Biotechnology, Inc, a clinical stage biotechnology company, engages in the discovery, development, and commercialization of therapies targeting cancer. The company's lead product candidate is THIO, a telomere-targeting agent that is in Phase II clinical study to evaluate its activity in patients with non-small cell lung cancer.

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