Advanced Accelerator Applications S.A. (NASDAQ:AAAP) posted its quarterly earnings results on Thursday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.01, MarketWatch Earnings reports. Advanced Accelerator Applications had a negative return on equity of 16.63% and a negative net margin of 33.83%. The business had revenue of $40.14 million for the quarter, compared to the consensus estimate of $36.74 million.

Shares of Advanced Accelerator Applications (NASDAQ AAAP) opened at 46.72 on Friday. Advanced Accelerator Applications has a one year low of $23.50 and a one year high of $51.02. The stock’s 50 day moving average price is $46.67 and its 200-day moving average price is $40.07. The company’s market cap is $2.06 billion.

A hedge fund recently raised its stake in Advanced Accelerator Applications stock. State Street Corp increased its stake in Advanced Accelerator Applications S.A. (NASDAQ:AAAP) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,995 shares of the company’s stock after buying an additional 344 shares during the period. State Street Corp’s holdings in Advanced Accelerator Applications were worth $1,014,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 42.00% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub upgraded Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Advanced Accelerator Applications from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Advanced Accelerator Applications in a report on Friday. JMP Securities upgraded Advanced Accelerator Applications from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a report on Thursday, July 27th. Finally, Canaccord Genuity set a $47.00 price objective on Advanced Accelerator Applications and gave the stock a “buy” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $54.00.

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About Advanced Accelerator Applications

Advanced Accelerator Applications SA is a radiopharmaceutical company. The Company develops, produces and commercializes molecular nuclear medicine (MNM), diagnostic and therapeutic products. MNM uses trace amounts of radioactive compounds to create functional images of organs and lesions and to treat diseases, such as cancer.

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