Shares of Liquidia Technologies Inc (NASDAQ:LQDA) rose 8.1% during trading on Thursday . The stock traded as high as $5.38 and last traded at $5.32. Approximately 286,022 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 250,708 shares. The stock had previously closed at $4.92.
LQDA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Liquidia Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Wedbush reissued a “buy” rating and set a $38.00 price objective on shares of Liquidia Technologies in a research note on Tuesday, July 7th. Needham & Company LLC reissued a “buy” rating and set a $24.00 price objective on shares of Liquidia Technologies in a research note on Tuesday, July 7th. Finally, BidaskClub raised shares of Liquidia Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.94.
The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $200.83 million, a price-to-earnings ratio of -2.17 and a beta of 0.46. The company’s fifty day moving average is $5.19 and its two-hundred day moving average is $6.41.
Several large investors have recently bought and sold shares of LQDA. Nisa Investment Advisors LLC lifted its holdings in shares of Liquidia Technologies by 153.8% in the second quarter. Nisa Investment Advisors LLC now owns 3,300 shares of the company’s stock worth $28,000 after acquiring an additional 2,000 shares during the last quarter. Marshall Wace LLP bought a new position in Liquidia Technologies during the 1st quarter valued at $32,000. Wells Fargo & Company MN lifted its stake in Liquidia Technologies by 103.7% during the 1st quarter. Wells Fargo & Company MN now owns 15,870 shares of the company’s stock valued at $75,000 after acquiring an additional 8,081 shares in the last quarter. Bank of America Corp DE lifted its stake in Liquidia Technologies by 82.3% during the 2nd quarter. Bank of America Corp DE now owns 9,184 shares of the company’s stock valued at $77,000 after acquiring an additional 4,146 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in Liquidia Technologies during the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 55.45% of the company’s stock.
Liquidia Technologies Company Profile (NASDAQ:LQDA)
Liquidia Technologies, Inc, a late-stage clinical biopharmaceutical company, focuses on the development and commercialization of human therapeutics. Its lead product candidate, LIQ861, an inhaled dry powder formulation of treprostinil that is in Phase III clinical trials used for the treatment of pulmonary arterial hypertension.
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