Retrophin (RTRX) Cut to Sell at ValuEngine
Retrophin (NASDAQ:RTRX) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday.
RTRX has been the subject of a number of other reports. BMO Capital Markets restated a “buy” rating and issued a $44.00 price objective on shares of Retrophin in a report on Friday, October 6th. Zacks Investment Research lowered shares of Retrophin from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 14th. Finally, BidaskClub lowered shares of Retrophin from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.00.
Retrophin (NASDAQ RTRX) opened at $22.79 on Friday. Retrophin has a 1-year low of $15.55 and a 1-year high of $26.44. The firm has a market cap of $939.82 and a P/E ratio of -15.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.88 and a quick ratio of 3.83.
Institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors raised its stake in Retrophin by 14.6% during the 2nd quarter. Nationwide Fund Advisors now owns 59,424 shares of the biopharmaceutical company’s stock valued at $1,152,000 after buying an additional 7,583 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Retrophin during the 2nd quarter valued at $775,000. Schwab Charles Investment Management Inc. raised its stake in Retrophin by 35.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 277,688 shares of the biopharmaceutical company’s stock valued at $5,385,000 after buying an additional 73,067 shares during the last quarter. Strs Ohio purchased a new stake in Retrophin during the 3rd quarter valued at $908,000. Finally, JPMorgan Chase & Co. raised its stake in Retrophin by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 137,526 shares of the biopharmaceutical company’s stock valued at $2,667,000 after buying an additional 5,674 shares during the last quarter.
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Retrophin Company Profile
Retrophin, Inc is a biopharmaceutical company. The Company is focused on the development, acquisition and commercialization of therapies for the treatment of serious, catastrophic or rare diseases. The Company sells three products, including Chenodal (chenodeoxycholic acid), Cholbam (cholic acid) and Thiola (tiopronin).
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