Asante Solutions (NASDAQ:PUMP) will announce its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
NASDAQ:PUMP traded up $0.43 during midday trading on Tuesday, reaching $7.79. 19,547 shares of the stock traded hands, compared to its average volume of 1,658,147. The company has a fifty day moving average of $8.59 and a 200 day moving average of $15.00. Asante Solutions has a 12 month low of $7.11 and a 12 month high of $25.38.
A number of equities research analysts recently commented on PUMP shares. Piper Jaffray Companies upgraded shares of Asante Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $17.00 to $12.00 in a report on Thursday, October 10th. R. F. Lafferty reiterated a “hold” rating and set a $18.00 price target (down from $40.00) on shares of Asante Solutions in a report on Wednesday, September 4th. Barclays reiterated a “buy” rating and set a $17.00 price target on shares of Asante Solutions in a report on Thursday, October 17th. Scotiabank set a $14.00 price target on shares of Asante Solutions and gave the company a “hold” rating in a report on Monday, August 26th. Finally, Credit Suisse Group set a $15.00 price target on shares of Asante Solutions and gave the company a “buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.37.
About Asante Solutions
Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.
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