Neos Therapeutics (NEOS) Sets New 52-Week Low After Analyst Downgrade
Neos Therapeutics Inc (NASDAQ:NEOS) reached a new 52-week low during mid-day trading on Tuesday after JMP Securities lowered their price target on the stock from $22.00 to $10.00. JMP Securities currently has a market outperform rating on the stock. Neos Therapeutics traded as low as $2.27 and last traded at $2.27, with a volume of 29439 shares trading hands. The stock had previously closed at $2.45.
NEOS has been the subject of several other research reports. Zacks Investment Research lowered Neos Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 price target on shares of Neos Therapeutics in a research note on Wednesday, August 8th. Wells Fargo & Co dropped their price target on Neos Therapeutics from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, August 9th. Finally, ValuEngine raised Neos Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.67.
In other news, Director Alan L. Heller purchased 43,478 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was purchased at an average price of $2.30 per share, with a total value of $99,999.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.40% of the company’s stock.
The firm has a market capitalization of $76.86 million, a P/E ratio of -0.84 and a beta of 0.44.
Neos Therapeutics (NASDAQ:NEOS) last released its quarterly earnings data on Friday, November 9th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.03). The company had revenue of $12.50 million during the quarter, compared to analysts’ expectations of $14.80 million. Neos Therapeutics had a negative return on equity of 586.25% and a negative net margin of 133.46%. On average, equities research analysts expect that Neos Therapeutics Inc will post -1.8 earnings per share for the current year.
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Neos Therapeutics Company Profile (NASDAQ:NEOS)
Neos Therapeutics, Inc, a pharmaceutical company, develops, manufactures, and commercializes products for the treatment of attention deficit hyperactivity disorder (ADHD) using its drug delivery technology platform. Its product candidates are extended-release (XR) medications in orally disintegrating tablets or liquid suspension dosage forms.
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