Bloom Burton cut shares of Aralez Pharmaceuticals (TSE:ARZ) from a buy rating to an accumulate rating in a report published on Wednesday, March 14th.
Separately, HC Wainwright restated a buy rating on shares of Aralez Pharmaceuticals in a report on Monday, February 5th.
Shares of ARZ traded down C$0.05 on Wednesday, hitting C$1.80. 11,920 shares of the stock traded hands, compared to its average volume of 25,193. Aralez Pharmaceuticals has a one year low of C$1.20 and a one year high of C$3.72.
Aralez Pharmaceuticals (TSE:ARZ) last announced its quarterly earnings results on Tuesday, March 13th. The company reported C($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.43) by C($0.05). The firm had revenue of C$35.59 million for the quarter, compared to the consensus estimate of C$32.38 million. Aralez Pharmaceuticals had a negative net margin of 100.42% and a negative return on equity of 146.16%.
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About Aralez Pharmaceuticals
Aralez Pharmaceuticals Inc operates as a specialty pharmaceutical company in the United States and Canada. It engages in acquiring, developing, and commercializing products primarily in cardiovascular disease, pain, and other specialty areas. It offers Yosprala for patients who require aspirin for secondary prevention of cardiovascular and cerebrovascular events; Toprol-XL, a cardioselective beta-blocker indicated for the treatment of hypertension; Fibricor, a fenofibric acid for the treatment of severe hypertriglyceridemia; Zontivity for the reduction of thrombotic cardiovascular events in patients; Cambia, a non-steroidal anti-inflammatory drug (NSAID) for the acute treatment of migraine attacks; Fiorinal and Fiorinal C for the relief of tension type headaches; and Soriatane for the treatment of severe psoriasis and other disorders of keratinization.
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