Liminal BioSciences (NASDAQ:LMNL) Shares Down 11.8%
Liminal BioSciences Inc. (NASDAQ:LMNL)’s stock price was down 11.8% during mid-day trading on Friday . The company traded as low as $4.81 and last traded at $4.86. Approximately 2,129,066 shares traded hands during trading, an increase of 1,100% from the average daily volume of 177,462 shares. The stock had previously closed at $5.51.
A number of research analysts have issued reports on LMNL shares. BidaskClub cut Liminal BioSciences from a “hold” rating to a “sell” rating in a research note on Thursday, September 24th. ValuEngine upgraded Liminal BioSciences from a “hold” rating to a “buy” rating in a research note on Monday, August 17th. Echelon Wealth Partners reiterated a “hold” rating on shares of Liminal BioSciences in a research note on Tuesday, August 11th. Bloom Burton reissued a “hold” rating on shares of Liminal BioSciences in a report on Monday, October 5th. Finally, Zacks Investment Research raised Liminal BioSciences from a “sell” rating to a “hold” rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.00.
The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.33 and a current ratio of 1.61. The stock has a market capitalization of $114.83 million, a P/E ratio of -1.54 and a beta of 2.03. The firm has a fifty day simple moving average of $6.40.
An institutional investor recently bought a new position in Liminal BioSciences stock. JPMorgan Chase & Co. acquired a new position in Liminal BioSciences Inc. (NASDAQ:LMNL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,091 shares of the company’s stock, valued at approximately $32,000. Institutional investors and hedge funds own 14.29% of the company’s stock.
Liminal BioSciences Company Profile (NASDAQ:LMNL)
Liminal BioSciences Inc, a clinical-stage biopharmaceutical company, focuses on discovery, development, and commercialization of novel treatments for patients suffering from diseases that have unmet medical needs. It operates through two segments, Small Molecule Therapeutics and Plasma Derived Therapeutics.
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