ADMA Biologics Inc (NASDAQ:ADMA) shares hit a new 52-week low during trading on Thursday . The company traded as low as $2.87 and last traded at $2.88, with a volume of 23,447 shares trading hands. The stock had previously closed at $3.04.

A number of brokerages have recently commented on ADMA. Maxim Group set a $13.00 price objective on shares of ADMA Biologics and gave the company a “buy” rating in a research report on Wednesday, June 7th. ValuEngine lowered shares of ADMA Biologics from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

The company’s 50-day moving average price is $3.47 and its 200 day moving average price is $4.21. The company’s market capitalization is $37.05 million.

ADMA Biologics (NASDAQ:ADMA) last posted its earnings results on Friday, May 12th. The biotechnology company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by $0.23. The firm had revenue of $2.63 million for the quarter, compared to the consensus estimate of $3.35 million. On average, equities research analysts forecast that ADMA Biologics Inc will post ($1.28) EPS for the current fiscal year.

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About ADMA Biologics

ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.

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