Opko Health (OPK) Trading Down 7.5%
Shares of Opko Health Inc. (NASDAQ:OPK) fell 7.5% during mid-day trading on Monday . The company traded as low as $1.96 and last traded at $1.96. 8,423,713 shares were traded during trading, an increase of 67% from the average session volume of 5,056,574 shares. The stock had previously closed at $2.12.
A number of brokerages have recently issued reports on OPK. ValuEngine lowered Opko Health from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Opko Health from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, April 30th. Finally, Barrington Research reaffirmed a “buy” rating and set a $5.00 target price on shares of Opko Health in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Opko Health presently has an average rating of “Buy” and an average target price of $9.25.
The company has a market capitalization of $1.21 billion, a P/E ratio of -8.32 and a beta of 1.81. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.13.
In other news, Director Richard C. Pfenniger, Jr. purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of $2.05 per share, for a total transaction of $102,500.00. Following the completion of the purchase, the director now owns 171,310 shares of the company’s stock, valued at $351,185.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip Md Et Al Frost purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $2.58 per share, with a total value of $51,600.00. Following the completion of the purchase, the chief executive officer now directly owns 3,068,951 shares of the company’s stock, valued at approximately $7,917,893.58. The disclosure for this purchase can be found here. Insiders purchased 2,108,250 shares of company stock valued at $4,725,980 over the last quarter. Insiders own 42.25% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. acquired a new position in Opko Health in the first quarter valued at approximately $27,000. Diversified Trust Co acquired a new position in Opko Health in the fourth quarter valued at approximately $30,000. FDx Advisors Inc. acquired a new position in Opko Health in the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. boosted its stake in Opko Health by 58.7% in the first quarter. Meeder Asset Management Inc. now owns 13,102 shares of the biotechnology company’s stock valued at $35,000 after acquiring an additional 4,846 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Opko Health in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 22.64% of the company’s stock.
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Opko Health Company Profile (NASDAQ:OPK)
OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates BioReference Laboratories, a clinical laboratory that offers laboratory testing services.
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