BidaskClub Lowers Neptune Wellness Solutions (NASDAQ:NEPT) to Sell

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BidaskClub cut shares of Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) from a hold rating to a sell rating in a research report report published on Saturday, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of Neptune Wellness Solutions from a hold rating to a sell rating in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $4.63.

NASDAQ NEPT opened at $2.93 on Friday. The company has a market capitalization of $300.60 million, a PE ratio of -5.98 and a beta of 2.72. The company has a fifty day moving average of $2.81 and a 200 day moving average of $2.28. Neptune Wellness Solutions has a 1 year low of $0.96 and a 1 year high of $6.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.25 and a quick ratio of 1.73.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last posted its earnings results on Wednesday, June 10th. The biotechnology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.13). The business had revenue of $7.11 million for the quarter, compared to analyst estimates of $6.32 million. Neptune Wellness Solutions had a negative net margin of 204.83% and a negative return on equity of 51.03%. Research analysts expect that Neptune Wellness Solutions will post -0.13 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Credit Suisse AG acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $74,000. Essex Investment Management Co. LLC acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $663,000. Cambria Investment Management L.P. acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $163,000. Oxford Asset Management LLP acquired a new position in shares of Neptune Wellness Solutions in the fourth quarter worth about $277,000. Finally, Penserra Capital Management LLC raised its position in shares of Neptune Wellness Solutions by 44.6% in the fourth quarter. Penserra Capital Management LLC now owns 67,472 shares of the biotechnology company’s stock worth $153,000 after acquiring an additional 20,810 shares during the period. Institutional investors and hedge funds own 16.85% of the company’s stock.

About Neptune Wellness Solutions

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.

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