Anika Therapeutics (ANIK) Set to Announce Earnings on Wednesday
Anika Therapeutics (NASDAQ:ANIK) will be announcing its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Shares of Anika Therapeutics (NASDAQ ANIK) opened at $57.24 on Wednesday. Anika Therapeutics has a 52 week low of $41.64 and a 52 week high of $69.81. The company has a market capitalization of $839.24, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.49 and a beta of 1.60.
Several analysts have commented on ANIK shares. Barrington Research reiterated a “buy” rating and set a $57.00 target price on shares of Anika Therapeutics in a research note on Thursday, December 28th. Sidoti assumed coverage on Anika Therapeutics in a research note on Friday, January 26th. They issued a “buy” rating on the stock. BidaskClub downgraded Anika Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, First Analysis upgraded Anika Therapeutics from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $68.00 in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Anika Therapeutics has a consensus rating of “Buy” and an average price target of $62.50.
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Anika Therapeutics Company Profile
Anika Therapeutics, Inc is an orthopedic medicines company. The Company is engaged in developing, manufacturing and commercializing products based on its hyaluronic acid (HA) technology. The Company’s orthopedic medicine portfolio includes ORTHOVISC, MONOVISC, and CINGAL, which alleviate pain and restore joint function by replenishing depleted HA, and HYALOFAST, a solid HA-based scaffold to aid cartilage repair and regeneration.
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