Separately, Zacks Investment Research downgraded shares of Neptune Wellness Solutions from a hold rating to a sell rating in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $4.63.
NASDAQ NEPT opened at $2.93 on Friday. The company has a market capitalization of $300.60 million, a PE ratio of -5.98 and a beta of 2.72. The company has a fifty day moving average of $2.81 and a 200 day moving average of $2.28. Neptune Wellness Solutions has a 1 year low of $0.96 and a 1 year high of $6.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.25 and a quick ratio of 1.73.
Institutional investors have recently modified their holdings of the business. Credit Suisse AG acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $74,000. Essex Investment Management Co. LLC acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $663,000. Cambria Investment Management L.P. acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $163,000. Oxford Asset Management LLP acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $277,000. Finally, Penserra Capital Management LLC raised its position in shares of Neptune Wellness Solutions by 44.6% in the fourth quarter. Penserra Capital Management LLC now owns 67,472 shares of the biotechnology company’s stock worth $153,000 after acquiring an additional 20,810 shares during the period. Institutional investors and hedge funds own 16.85% of the company’s stock.
About Neptune Wellness Solutions
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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