Neptune Wellness Solutions (NEPT) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) from a hold rating to a sell rating in a research note published on Saturday.

Separately, Echelon Wealth Partners restated a buy rating on shares of Neptune Wellness Solutions in a research note on Wednesday, January 9th.

Shares of NASDAQ NEPT opened at $3.41 on Friday. The stock has a market capitalization of $275.76 million, a price-to-earnings ratio of 20.05 and a beta of 1.70. Neptune Wellness Solutions has a twelve month low of $2.27 and a twelve month high of $5.14.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last announced its earnings results on Tuesday, November 13th. The biotechnology company reported ($0.03) earnings per share for the quarter. The business had revenue of $5.41 million during the quarter. On average, equities analysts predict that Neptune Wellness Solutions will post -0.08 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in NEPT. Perceptive Advisors LLC increased its position in shares of Neptune Wellness Solutions by 3.7% during the 3rd quarter. Perceptive Advisors LLC now owns 8,891,452 shares of the biotechnology company’s stock valued at $34,498,000 after purchasing an additional 317,437 shares during the last quarter. Virtu Financial LLC boosted its holdings in Neptune Wellness Solutions by 493.7% during the 3rd quarter. Virtu Financial LLC now owns 165,322 shares of the biotechnology company’s stock valued at $733,000 after acquiring an additional 137,478 shares during the period. Renaissance Technologies LLC boosted its holdings in Neptune Wellness Solutions by 696.0% during the 3rd quarter. Renaissance Technologies LLC now owns 93,654 shares of the biotechnology company’s stock valued at $363,000 after acquiring an additional 81,889 shares during the period. Signition LP purchased a new stake in Neptune Wellness Solutions during the 3rd quarter valued at about $125,000. Finally, Wells Fargo & Company MN boosted its holdings in Neptune Wellness Solutions by 236,363.6% during the 3rd quarter. Wells Fargo & Company MN now owns 26,011 shares of the biotechnology company’s stock valued at $101,000 after acquiring an additional 26,000 shares during the period. Hedge funds and other institutional investors own 14.37% of the company’s stock.

Neptune Wellness Solutions Company Profile

Neptune Wellness Solutions Inc, a health and wellness products company, engages in the extraction, purification, and formulation of value-added differentiated science based products. It develops turnkey nutrition product solutions in various delivery forms. The company offers 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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