Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) shares traded down 5.8% during mid-day trading on Thursday . The stock traded as low as $5.29 and last traded at $5.39, 1,809,085 shares traded hands during mid-day trading. An increase of 92% from the average session volume of 941,303 shares. The stock had previously closed at $5.72.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Echelon Wealth Partners restated a “buy” rating on shares of Neptune Wellness Solutions in a report on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of Neptune Wellness Solutions from a “buy” rating to a “hold” rating in a report on Thursday, July 18th.
The company has a market cap of $528.80 million, a PE ratio of -37.64 and a beta of 1.67. The stock’s fifty day moving average price is $4.95.
Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last issued its quarterly earnings data on Wednesday, June 12th. The biotechnology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $4.26 million during the quarter, compared to analysts’ expectations of $4.82 million. Neptune Wellness Solutions had a negative net margin of 94.47% and a negative return on equity of 19.34%. On average, analysts forecast that Neptune Wellness Solutions Inc will post 0.03 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG grew its position in Neptune Wellness Solutions by 245.9% in the 4th quarter. Deutsche Bank AG now owns 517,135 shares of the biotechnology company’s stock valued at $1,313,000 after acquiring an additional 367,614 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Neptune Wellness Solutions in the 4th quarter valued at about $367,000. Alpine Group USVI LLC acquired a new position in Neptune Wellness Solutions in the 1st quarter valued at about $303,000. Finally, CIBC World Markets Inc. acquired a new position in Neptune Wellness Solutions in the 1st quarter valued at about $63,000. 12.49% of the stock is owned by institutional investors.
Neptune Wellness Solutions Company Profile (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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