Adamas Pharmaceuticals, Inc. (ADMS) Sets New 1-Year High at $29.90
Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.90 and last traded at $28.41, with a volume of 857700 shares trading hands. The stock had previously closed at $27.69.
ADMS has been the subject of several recent analyst reports. BidaskClub cut shares of Adamas Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Cowen and Company set a $45.00 price objective on shares of Adamas Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, August 9th. Noble Financial reiterated a “buy” rating on shares of Adamas Pharmaceuticals in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Adamas Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, JMP Securities reiterated an “outperform” rating and issued a $33.00 price objective (up from $29.00) on shares of Adamas Pharmaceuticals in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Adamas Pharmaceuticals presently has an average rating of “Buy” and an average price target of $42.00.
The company has a debt-to-equity ratio of 0.41, a quick ratio of 8.32 and a current ratio of 8.35.
Adamas Pharmaceuticals (NASDAQ:ADMS) last issued its quarterly earnings results on Thursday, November 2nd. The specialty pharmaceutical company reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.01) by ($0.03). During the same quarter last year, the firm posted ($0.66) EPS. The business’s revenue for the quarter was down 99.3% on a year-over-year basis. sell-side analysts expect that Adamas Pharmaceuticals, Inc. will post -3.87 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Adamas Pharmaceuticals in the 3rd quarter worth approximately $110,000. Quantbot Technologies LP purchased a new stake in Adamas Pharmaceuticals in the 3rd quarter worth approximately $119,000. Tower Research Capital LLC TRC purchased a new stake in Adamas Pharmaceuticals in the 2nd quarter worth approximately $109,000. Sei Investments Co. lifted its position in Adamas Pharmaceuticals by 1,105.0% in the 3rd quarter. Sei Investments Co. now owns 8,760 shares of the specialty pharmaceutical company’s stock worth $185,000 after buying an additional 8,033 shares in the last quarter. Finally, American International Group Inc. lifted its position in Adamas Pharmaceuticals by 7.1% in the 1st quarter. American International Group Inc. now owns 10,284 shares of the specialty pharmaceutical company’s stock worth $180,000 after buying an additional 682 shares in the last quarter. Institutional investors own 76.24% of the company’s stock.
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Adamas Pharmaceuticals Company Profile
Adamas Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders. It offers a platform based on an understanding of time dependent biologic effects of disease activity and drug response to achieve relief without tolerability issues.
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