Neptune Wellness Solutions (NASDAQ:NEPT) Shares Gap Down to $4.25

Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB)’s share price gapped down prior to trading on Friday . The stock had previously closed at $3.99, but opened at $4.25. Neptune Wellness Solutions shares last traded at $4.15, with a volume of 37608 shares traded.

Several equities analysts have recently commented on NEPT shares. Zacks Investment Research raised shares of Neptune Wellness Solutions from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Wednesday, March 13th. BidaskClub downgraded shares of Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a report on Saturday, March 23rd.

The firm has a market capitalization of $348.08 million, a P/E ratio of -30.57 and a beta of 1.81.

A number of institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in Neptune Wellness Solutions by 25.0% during the fourth quarter. Parallel Advisors LLC now owns 20,000 shares of the biotechnology company’s stock valued at $50,000 after purchasing an additional 4,000 shares in the last quarter. Blair William & Co. IL raised its stake in Neptune Wellness Solutions by 50.0% during the first quarter. Blair William & Co. IL now owns 15,000 shares of the biotechnology company’s stock valued at $48,000 after purchasing an additional 5,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in Neptune Wellness Solutions by 140.4% during the first quarter. Wells Fargo & Company MN now owns 12,862 shares of the biotechnology company’s stock valued at $41,000 after purchasing an additional 7,511 shares in the last quarter. Jane Street Group LLC purchased a new stake in Neptune Wellness Solutions during the first quarter valued at $49,000. Finally, CIBC World Markets Inc. purchased a new stake in Neptune Wellness Solutions during the first quarter valued at $63,000. 14.47% of the stock is currently owned by institutional investors.

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About Neptune Wellness Solutions (NASDAQ:NEPT)

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.

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