Advanced Accelerator Applications S.A. (NASDAQ:AAAP) dropped 5.7% during mid-day trading on Monday . The stock traded as low as $64.71 and last traded at $66.68. Approximately 532,762 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 222,278 shares. The stock had previously closed at $70.71.

AAAP has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective (up previously from $50.00) on shares of Advanced Accelerator Applications in a research note on Friday, September 1st. JMP Securities upgraded shares of Advanced Accelerator Applications from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research note on Thursday, July 27th. J P Morgan Chase & Co initiated coverage on shares of Advanced Accelerator Applications in a research note on Thursday, June 15th. They issued an “overweight” rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, BidaskClub upgraded shares of Advanced Accelerator Applications from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.00.

Advanced Accelerator Applications (NASDAQ:AAAP) last posted its quarterly earnings data on Thursday, August 31st. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $40.14 million for the quarter, compared to the consensus estimate of $36.74 million. Advanced Accelerator Applications had a negative return on equity of 16.05% and a negative net margin of 33.83%. On average, equities analysts predict that Advanced Accelerator Applications S.A. will post ($1.00) EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of AAAP. JPMorgan Chase & Co. bought a new position in Advanced Accelerator Applications during the 1st quarter worth $160,000. Wells Fargo & Company MN increased its position in Advanced Accelerator Applications by 81.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,514 shares of the company’s stock worth $177,000 after buying an additional 2,027 shares during the period. KCG Holdings Inc. bought a new position in Advanced Accelerator Applications during the 1st quarter worth $338,000. Birchview Capital LP increased its position in Advanced Accelerator Applications by 185.7% during the 2nd quarter. Birchview Capital LP now owns 20,000 shares of the company’s stock worth $781,000 after buying an additional 13,000 shares during the period. Finally, Geode Capital Management LLC increased its position in Advanced Accelerator Applications by 32.6% during the 1st quarter. Geode Capital Management LLC now owns 22,095 shares of the company’s stock worth $880,000 after buying an additional 5,438 shares during the period. Hedge funds and other institutional investors own 37.51% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/10/09/advanced-accelerator-applications-s-a-aaap-trading-down-5-7.html.

Advanced Accelerator Applications Company Profile

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.

Receive News & Stock Ratings for Advanced Accelerator Applications S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Accelerator Applications S.A. and related stocks with our FREE daily email newsletter.