Adamis Pharmaceuticals Corp (NASDAQ:ADMP) shares traded up 9.6% on Monday . The company traded as high as $3.20 and last traded at $3.20. 1,408,900 shares were traded during mid-day trading, an increase of 121% from the average session volume of 638,470 shares. The stock had previously closed at $2.92.
A number of research analysts have weighed in on the stock. Maxim Group set a $14.00 price target on shares of Adamis Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, December 5th. B. Riley set a $10.00 price target on shares of Adamis Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, November 30th. ValuEngine lowered shares of Adamis Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research raised shares of Adamis Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.33.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.79 and a current ratio of 3.93. The stock has a market capitalization of $104.33, a P/E ratio of -4.46 and a beta of 0.19.
A number of institutional investors and hedge funds have recently made changes to their positions in ADMP. Wells Fargo & Company MN bought a new position in Adamis Pharmaceuticals in the second quarter valued at approximately $169,000. Northern Trust Corp lifted its stake in Adamis Pharmaceuticals by 5.5% in the second quarter. Northern Trust Corp now owns 51,108 shares of the specialty pharmaceutical company’s stock valued at $266,000 after buying an additional 2,686 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Adamis Pharmaceuticals by 22.2% in the second quarter. Vanguard Group Inc. now owns 942,940 shares of the specialty pharmaceutical company’s stock worth $4,903,000 after purchasing an additional 171,167 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Adamis Pharmaceuticals by 103.2% in the second quarter. Virtu KCG Holdings LLC now owns 38,474 shares of the specialty pharmaceutical company’s stock worth $200,000 after purchasing an additional 19,538 shares in the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Adamis Pharmaceuticals by 149.9% in the third quarter. Advisor Group Inc. now owns 56,001 shares of the specialty pharmaceutical company’s stock worth $292,000 after purchasing an additional 33,591 shares in the last quarter. 16.70% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Adamis Pharmaceuticals (ADMP) Trading 9.6% Higher” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/21/adamis-pharmaceuticals-admp-trading-9-6-higher.html.
About Adamis Pharmaceuticals
Adamis Pharmaceuticals Corporation is a pharmaceutical company. The Company is engaged in the development of its specialty pharmaceutical products. The Company is developing various products in the allergy and respiratory markets, including a dry powder inhaler technology that it acquired from 3M Company (3M).
Receive News & Ratings for Adamis Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adamis Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.