AMAG Pharmaceuticals (AMAG) Sees Strong Trading Volume
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) saw unusually-strong trading volume on Friday . Approximately 2,293,301 shares changed hands during trading, an increase of 111% from the previous session’s volume of 1,088,499 shares.The stock last traded at $14.45 and had previously closed at $14.45.
A number of equities analysts have commented on AMAG shares. Jefferies Group reaffirmed a “buy” rating and set a $16.00 target price on shares of AMAG Pharmaceuticals in a research note on Sunday, November 5th. Zacks Investment Research raised shares of AMAG Pharmaceuticals from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, October 4th. Janney Montgomery Scott reissued a “hold” rating on shares of AMAG Pharmaceuticals in a research note on Tuesday, October 17th. Cantor Fitzgerald reissued a “hold” rating and issued a $21.00 price target on shares of AMAG Pharmaceuticals in a research note on Thursday, September 28th. Finally, Deutsche Bank reissued a “hold” rating and issued a $24.00 price target on shares of AMAG Pharmaceuticals in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. AMAG Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $23.38.
The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.48 and a current ratio of 1.59.
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About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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