TheStreet lowered shares of Kamada Ltd. (NASDAQ:KMDA) from a c- rating to a d+ rating in a report released on Tuesday.

Several other research analysts have also recently issued reports on KMDA. Jefferies Group LLC restated a buy rating and issued a $8.00 target price on shares of Kamada in a report on Wednesday, April 12th. Zacks Investment Research cut shares of Kamada from a hold rating to a strong sell rating in a report on Thursday, May 18th.

Kamada (KMDA) traded down 1.64% during mid-day trading on Tuesday, reaching $4.50. 186,411 shares of the company were exchanged. The company’s market capitalization is $163.89 million. Kamada has a 1-year low of $3.94 and a 1-year high of $8.61. The company has a 50 day moving average of $6.03 and a 200-day moving average of $6.72.

Kamada (NASDAQ:KMDA) last issued its earnings results on Tuesday, August 1st. The biotechnology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Kamada had a negative net margin of 2.24% and a negative return on equity of 2.97%. The business had revenue of $32.55 million during the quarter, compared to analysts’ expectations of $33.30 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 70.7% on a year-over-year basis. On average, equities research analysts forecast that Kamada will post $0.06 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Kamada by 17.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 38,200 shares of the biotechnology company’s stock worth $266,000 after buying an additional 5,772 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Kamada by 16.7% in the first quarter. Renaissance Technologies LLC now owns 264,800 shares of the biotechnology company’s stock worth $1,801,000 after buying an additional 37,800 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Kamada during the first quarter worth $575,000. Finally, Norges Bank acquired a new stake in shares of Kamada during the fourth quarter worth $377,000. Hedge funds and other institutional investors own 5.69% of the company’s stock.

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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