StockNews.com began coverage on shares of Neptune Wellness Solutions (NASDAQ:NEPT – Get Rating) (TSE:NTB) in a research note issued on Thursday. The brokerage set a “sell” rating on the biotechnology company’s stock.
Neptune Wellness Solutions Trading Down 1.8 %
NASDAQ NEPT opened at $0.54 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.38 and a debt-to-equity ratio of 1.00. Neptune Wellness Solutions has a 12 month low of $0.23 and a 12 month high of $7.71. The stock has a market cap of $6.48 million, a P/E ratio of -0.05 and a beta of 2.10. The stock’s fifty day moving average price is $0.60 and its 200-day moving average price is $0.82.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in Neptune Wellness Solutions during the 3rd quarter valued at approximately $43,000. Capital Wealth Alliance LLC bought a new position in shares of Neptune Wellness Solutions in the 2nd quarter worth $57,000. Virtu Financial LLC bought a new position in shares of Neptune Wellness Solutions in the 3rd quarter worth $64,000. Renaissance Technologies LLC increased its position in Neptune Wellness Solutions by 12.6% during the 3rd quarter. Renaissance Technologies LLC now owns 128,684 shares of the biotechnology company’s stock valued at $196,000 after buying an additional 14,395 shares in the last quarter. Finally, Morgan Stanley increased its position in Neptune Wellness Solutions by 26,898.7% during the 4th quarter. Morgan Stanley now owns 544,833 shares of the biotechnology company’s stock valued at $172,000 after buying an additional 542,815 shares in the last quarter. Institutional investors own 5.07% of the company’s stock.
About Neptune Wellness Solutions
Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.
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