Zacks Investment Research Downgrades Kamada Ltd. (KMDA) to Sell
Kamada Ltd. (NASDAQ:KMDA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Kamada Ltd. is a biopharmaceutical company. It develops, produces and markets therapeutics based on chromatographic purification technology. The company offers bio-therapeutics for specialty proteins, specific immunoglobulins and other prescription medicines. Kamada Ltd. is headquartered in Ness Ziona, Israel. “
A number of other research analysts have also recently commented on KMDA. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Kamada in a research note on Saturday, September 3rd. TheStreet cut Kamada from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Finally, Jefferies Group restated a “buy” rating and set a $7.00 price objective on shares of Kamada in a research note on Wednesday, August 31st.
Shares of Kamada (NASDAQ:KMDA) opened at 5.0899 on Wednesday. The firm’s market capitalization is $185.36 million. The company has a 50 day moving average price of $4.76 and a 200-day moving average price of $4.08. Kamada has a 12 month low of $3.26 and a 12 month high of $5.34.
Kamada (NASDAQ:KMDA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The company had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $18.50 million. Kamada had a negative return on equity of 10.59% and a negative net margin of 9.92%. Equities research analysts expect that Kamada will post ($0.19) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kamada during the second quarter worth about $1,701,000. Vanguard Group Inc. raised its stake in shares of Kamada by 19.0% in the second quarter. Vanguard Group Inc. now owns 327,533 shares of the company’s stock worth $1,202,000 after buying an additional 52,195 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Kamada by 2.4% in the first quarter. Renaissance Technologies LLC now owns 170,300 shares of the company’s stock worth $652,000 after buying an additional 4,000 shares during the last quarter. 5.31% of the stock is currently owned by institutional investors and hedge funds.
Kamada Company Profile
Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.
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