PetIQ (NASDAQ:PETQ) Trading Down 5.4%

PetIQ, Inc. (NASDAQ:PETQ)’s stock price traded down 5.4% on Wednesday . The company traded as low as $25.91 and last traded at $25.97. 12,401 shares were traded during mid-day trading, a decline of 97% from the average session volume of 401,647 shares. The stock had previously closed at $27.44.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered PetIQ from a “hold” rating to a “sell” rating in a research report on Friday, August 6th. Jefferies Financial Group cut their price target on PetIQ from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, September 8th.

The firm has a market capitalization of $764.20 million, a PE ratio of -9.61, a PEG ratio of 1.40 and a beta of 1.49. The company has a fifty day moving average price of $30.79 and a 200-day moving average price of $35.88. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.01 and a current ratio of 3.20.

PetIQ (NASDAQ:PETQ) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.07). PetIQ had a negative net margin of 7.92% and a positive return on equity of 5.31%. The company had revenue of $271.01 million for the quarter, compared to analysts’ expectations of $305.61 million. On average, equities analysts predict that PetIQ, Inc. will post 0.8 earnings per share for the current year.

In other PetIQ news, CFO John Newland sold 4,500 shares of the company’s stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $36.69, for a total value of $165,105.00. Following the transaction, the chief financial officer now owns 58,682 shares of the company’s stock, valued at approximately $2,153,042.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.71% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PETQ. O Shaughnessy Asset Management LLC bought a new position in shares of PetIQ during the 1st quarter worth $32,000. Ameritas Investment Partners Inc. boosted its position in PetIQ by 28.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,070 shares of the company’s stock valued at $80,000 after purchasing an additional 456 shares in the last quarter. Sageworth Trust Co bought a new stake in PetIQ during the first quarter valued at about $75,000. Advisory Services Network LLC bought a new stake in PetIQ during the second quarter valued at about $89,000. Finally, Capital Analysts LLC bought a new stake in PetIQ during the second quarter valued at about $132,000.

About PetIQ (NASDAQ:PETQ)

PetIQ, Inc is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. It operates through the Products and Services segments. The Products segment produces and distributes pet medication and health and wellness products to the retail channel.

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