BidaskClub upgraded shares of Rockwell Medical (NASDAQ:RMTI) from a sell rating to a hold rating in a research report sent to investors on Friday.

Separately, Zacks Investment Research downgraded Rockwell Medical from a buy rating to a hold rating in a research note on Saturday, October 28th.

Shares of Rockwell Medical (RMTI) opened at $6.60 on Friday. Rockwell Medical has a 12 month low of $5.06 and a 12 month high of $8.98.

Rockwell Medical (NASDAQ:RMTI) last announced its earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $14.63 million for the quarter, compared to the consensus estimate of $13.33 million. Rockwell Medical had a negative return on equity of 46.63% and a negative net margin of 39.28%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. equities analysts forecast that Rockwell Medical will post -0.44 EPS for the current year.

Several hedge funds have recently modified their holdings of RMTI. Bank of New York Mellon Corp grew its holdings in shares of Rockwell Medical by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 249,489 shares of the company’s stock worth $2,136,000 after acquiring an additional 15,271 shares during the last quarter. Athos Capital Ltd acquired a new position in shares of Rockwell Medical in the 3rd quarter worth $6,834,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Rockwell Medical in the 3rd quarter worth $107,000. National Asset Management Inc. acquired a new position in shares of Rockwell Medical in the 2nd quarter worth $203,000. Finally, State Street Corp grew its holdings in shares of Rockwell Medical by 7.4% in the 2nd quarter. State Street Corp now owns 903,142 shares of the company’s stock worth $7,160,000 after acquiring an additional 62,094 shares during the last quarter. Institutional investors own 21.30% of the company’s stock.

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Rockwell Medical Company Profile

Rockwell Medical, Inc (Rockwell) is a biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis. The Company operates through the hemodialysis market segment, which involves the manufacture, sale and distribution of hemodialysis products to hemodialysis clinics, including pharmaceutical, dialysis concentrates, dialysis kits and other ancillary products used in the dialysis process.

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