Steadymed (STDY) Stock Rating Reaffirmed by JMP Securities

Steadymed (NASDAQ:STDY)‘s stock had its “buy” rating reaffirmed by equities researchers at JMP Securities in a report issued on Wednesday.

Steadymed (STDY) opened at $3.50 on Wednesday. Steadymed has a one year low of $2.25 and a one year high of $9.70. The firm has a market cap of $88.96 and a P/E ratio of -3.37.

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in Steadymed in the 2nd quarter worth approximately $1,251,000. Nexthera Capital LP increased its holdings in Steadymed by 6,579.5% in the 2nd quarter. Nexthera Capital LP now owns 360,626 shares of the company’s stock worth $2,272,000 after acquiring an additional 355,227 shares in the last quarter. Finally, Kingdon Capital Management L.L.C. purchased a new stake in Steadymed in the 2nd quarter worth approximately $3,170,000. 56.33% of the stock is owned by institutional investors.

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Steadymed Company Profile

SteadyMed Ltd. is a specialty pharmaceutical company. The Company is focused on the development and commercialization of various therapeutic product candidates. Its primary focus is to obtain approval in the United States for the sale of Trevyent for the treatment of pulmonary arterial hypertension (PAH).

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