Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cardiome Pharma (CRME) Share Price
Media stories about Cardiome Pharma (NASDAQ:CRME) (TSE:COM) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cardiome Pharma earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the biopharmaceutical company an impact score of 45.3213945313464 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have commented on CRME shares. Canaccord Genuity set a $8.00 target price on Cardiome Pharma and gave the company a “buy” rating in a research note on Monday, August 21st. ValuEngine downgraded Cardiome Pharma from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. HC Wainwright set a $10.00 target price on Cardiome Pharma and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded Cardiome Pharma from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.31.
Shares of Cardiome Pharma (NASDAQ CRME) traded down $0.03 during midday trading on Friday, reaching $1.43. The company’s stock had a trading volume of 56,900 shares, compared to its average volume of 111,105. The company has a current ratio of 5.52, a quick ratio of 4.71 and a debt-to-equity ratio of 1.67. Cardiome Pharma has a 1 year low of $1.29 and a 1 year high of $4.84.
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About Cardiome Pharma
Cardiome Pharma Corp. (Cardiome) is a specialty pharmaceutical company. The Company is engaged in the development and commercialization of cardiovascular therapies for heart disease. The Company’s segments are Europe and Rest of World. Cardiome has two marketed, in-hospital, cardiology products, which include BRINAVESS (vernakalant IV), approved in Europe and other territories for the conversion of onset atrial fibrillation (AF) to sinus rhythm in adults, and AGGRASTAT (tirofiban hydrochloride (HCl)), indicated for use in patients with acute coronary syndrome.
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