Media stories about Egalet (NASDAQ:EGLT) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Egalet earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the specialty pharmaceutical company an impact score of 45.1104058023706 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of Egalet (NASDAQ EGLT) traded down $0.04 during midday trading on Wednesday, hitting $1.16. The company had a trading volume of 2,041,300 shares, compared to its average volume of 868,943. The company has a debt-to-equity ratio of -3.43, a quick ratio of 2.68 and a current ratio of 2.73. Egalet has a 52 week low of $0.80 and a 52 week high of $10.00.

Several analysts have weighed in on EGLT shares. Cantor Fitzgerald set a $7.00 price target on Egalet and gave the company a “buy” rating in a report on Tuesday, November 28th. Gabelli cut Egalet from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $7.10.

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About Egalet

Egalet Corporation is a specialty pharmaceutical company. The Company is engaged in developing, manufacturing and commercializing treatments for pain and other conditions. The Company’s products include OXAYDO and SPRIX Nasal Spray. The Company is developing two late-stage product candidates, ARYMO ER and Egalet-002 using Guardian Technology.

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