
Gyre Therapeutics (NASDAQ:GYRE) Shares Down 11.4% on Disappointing Earnings

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Shares of Gyre Therapeutics (NASDAQ:GYRE) fell 11.4% to $7.1250 following disappointing earnings, missing EPS estimates by $0.04 and reporting revenue of $22.52 million, below the expected $31.61 million. Analysts have downgraded the stock, with Zacks Research changing its rating from "hold" to "strong sell". Institutional investors own 23.99% of the company, which has a market cap of $686.20 million and a P/E ratio of 708.31. Gyre focuses on developing therapies targeting lipid biology for various diseases.
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