Orexigen Therapeutics (OREX) Stock Price Up 0%
Shares of Orexigen Therapeutics, Inc. (NASDAQ:OREX) rose 0% during mid-day trading on Friday . The stock traded as high as $1.30 and last traded at $1.18. Approximately 944,600 shares traded hands during trading, an increase of 50% from the average daily volume of 630,598 shares. The stock had previously closed at $1.18.
OREX has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Orexigen Therapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. ValuEngine raised shares of Orexigen Therapeutics from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
The company has a debt-to-equity ratio of -2.75, a current ratio of 2.00 and a quick ratio of 1.71. The firm has a market cap of $23.43, a price-to-earnings ratio of -0.12 and a beta of 1.96.
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About Orexigen Therapeutics
Orexigen Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the treatment of obesity. The Company’s product, Contrave, is approved in the United States by the United States Food and Drug Administration as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adults with an initial body mass index (BMI) of 30 kilograms per square meter or greater (obese) or 27 kilograms per square meter or greater (overweight) in the presence of a weight-related comorbid condition.
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