Concordia International (CXRX) Trading Up 8.6%
Concordia International Corp (NASDAQ:CXRX) (TSE:CXR) was up 8.6% during mid-day trading on Monday . The company traded as high as $0.79 and last traded at $0.76. Approximately 688,100 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 414,500 shares. The stock had previously closed at $0.70.
A number of equities research analysts have issued reports on CXRX shares. ValuEngine upgraded Concordia International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Concordia International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th.
The company has a current ratio of 1.68, a quick ratio of 1.46 and a debt-to-equity ratio of -2.38. The company has a market capitalization of $43.64, a P/E ratio of -0.02 and a beta of 0.85.
A hedge fund recently raised its stake in Concordia International stock. Virtu KCG Holdings LLC lifted its stake in shares of Concordia International Corp (NASDAQ:CXRX) (TSE:CXR) by 363.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,635 shares of the company’s stock after purchasing an additional 61,679 shares during the quarter. Virtu KCG Holdings LLC owned about 0.15% of Concordia International worth $123,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.67% of the company’s stock.
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About Concordia International
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