ValuEngine Downgrades ADMA Biologics Inc (ADMA) to Strong Sell
ADMA Biologics Inc (NASDAQ:ADMA) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.
Separately, Maxim Group set a $13.00 price objective on shares of ADMA Biologics and gave the company a “buy” rating in a report on Wednesday, June 7th.
Shares of ADMA Biologics (NASDAQ ADMA) traded up 0.29% on Friday, reaching $3.46. 32,996 shares of the company were exchanged. ADMA Biologics has a 52 week low of $2.67 and a 52 week high of $7.70. The firm’s 50 day moving average price is $3.29 and its 200 day moving average price is $3.98. The stock’s market capitalization is $89.24 million.
ADMA Biologics (NASDAQ:ADMA) last released its quarterly earnings data on Friday, August 11th. The biotechnology company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.26) by $0.29. The business had revenue of $3.40 million during the quarter, compared to analysts’ expectations of $3.52 million. ADMA Biologics had a negative net margin of 198.99% and a negative return on equity of 791.24%. Equities research analysts anticipate that ADMA Biologics will post ($1.94) EPS for the current year.
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About ADMA Biologics
ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.
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