REDHILL BIOPHAR/S (NASDAQ:RDHL) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of REDHILL BIOPHAR/S (NASDAQ:RDHL) from a sell rating to a hold rating in a research note released on Saturday, BidAskClub reports.

A number of other brokerages have also commented on RDHL. Zacks Investment Research upgraded REDHILL BIOPHAR/S from a hold rating to a buy rating and set a $4.75 price target on the stock in a report on Tuesday, March 17th. HC Wainwright reissued a buy rating and issued a $14.00 target price (down from $18.00) on shares of REDHILL BIOPHAR/S in a research report on Thursday, March 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. REDHILL BIOPHAR/S has an average rating of Buy and a consensus price target of $14.75.

Shares of REDHILL BIOPHAR/S stock opened at $7.02 on Friday. The business’s fifty day simple moving average is $7.02 and its 200 day simple moving average is $5.95. The firm has a market capitalization of $259.58 million, a P/E ratio of -4.78 and a beta of 1.70. REDHILL BIOPHAR/S has a 12 month low of $3.26 and a 12 month high of $9.12. The company has a current ratio of 5.83, a quick ratio of 5.67 and a debt-to-equity ratio of 1.88.

REDHILL BIOPHAR/S (NASDAQ:RDHL) last issued its quarterly earnings results on Wednesday, May 27th. The biotechnology company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.12). The business had revenue of $1.06 million for the quarter, compared to the consensus estimate of $3.79 million. REDHILL BIOPHAR/S had a negative return on equity of 125.23% and a negative net margin of 883.97%. Analysts predict that REDHILL BIOPHAR/S will post -0.67 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in RDHL. Gagnon Securities LLC purchased a new position in shares of REDHILL BIOPHAR/S in the fourth quarter valued at $683,000. Ibex Investors LLC grew its position in shares of REDHILL BIOPHAR/S by 5.5% in the first quarter. Ibex Investors LLC now owns 1,850,000 shares of the biotechnology company’s stock valued at $8,380,000 after purchasing an additional 96,605 shares in the last quarter. Phoenix Holdings Ltd. purchased a new position in shares of REDHILL BIOPHAR/S in the first quarter valued at $379,000. State Street Corp purchased a new position in shares of REDHILL BIOPHAR/S in the fourth quarter valued at $484,000. Finally, Sowell Financial Services LLC grew its position in shares of REDHILL BIOPHAR/S by 153.6% in the first quarter. Sowell Financial Services LLC now owns 88,225 shares of the biotechnology company’s stock valued at $400,000 after purchasing an additional 53,435 shares in the last quarter. Institutional investors own 17.62% of the company’s stock.

REDHILL BIOPHAR/S Company Profile

RedHill Biopharma Ltd., a specialty biopharmaceutical company, focuses on the development and commercialization of late clinical-stage drugs for the treatment of gastrointestinal diseases in the United States. It operates through two segments, Commercial Operations and Research & Development. The company's clinical-stage development programs comprise TALICIA, a drug that is in Phase III clinical trial for the helicobacter pylori infection; RHB-104 that is in Phase III clinical trials for crohn's disease, as well as that has completed Phase II clinical trial for multiple sclerosis; RHB-204 for pulmonary nontuberculous mycobacteria infections; BEKINDA 24 mg that has completed Phase III clinical trial for acute gastroenteritis and gastritis; BEKINDA 12 mg that has completed Phase II clinical trial for irritable bowel syndrome with diarrhea; RHB-106 for bowel preparation; and RHB-107 that has completed Phase II clinical trial for gastrointestinal and other solid tumors.

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