66,600 Shares in Concordia International Corp. (NASDAQ:CXRX) Acquired by Fmr LLC
Fmr LLC bought a new stake in shares of Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) during the first quarter, Holdings Channel reports. The firm bought 66,600 shares of the company’s stock, valued at approximately $108,000.
Separately, Toronto Dominion Bank raised its stake in Concordia International Corp. by 1.0% in the first quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock worth $132,000 after buying an additional 782 shares during the last quarter. 13.68% of the stock is owned by institutional investors.
Concordia International Corp. (NASDAQ:CXRX) traded down 6.15% during mid-day trading on Friday, hitting $1.22. The company had a trading volume of 97,018 shares. The company’s 50 day moving average price is $1.47 and its 200-day moving average price is $1.66. The company’s market cap is $62.33 million. Concordia International Corp. has a one year low of $1.09 and a one year high of $12.77.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last issued its quarterly earnings results on Friday, August 11th. The company reported ($19.78) earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $20.30. The business had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. Concordia International Corp. had a negative net margin of 185.54% and a negative return on equity of 83.96%. The business’s quarterly revenue was down 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 EPS. Equities research analysts anticipate that Concordia International Corp. will post $1.26 EPS for the current fiscal year.
A number of research firms recently commented on CXRX. ValuEngine raised Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Concordia International Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Concordia International Corp. presently has a consensus rating of “Sell” and an average target price of $9.80.
About Concordia International Corp.
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