Valeritas (VLRX) Hits New 52-Week Low at $0.28

Valeritas Holdings Inc (NASDAQ:VLRX) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.28 and last traded at $0.29, with a volume of 18702 shares trading hands. The stock had previously closed at $0.29.

A number of research analysts have weighed in on VLRX shares. Zacks Investment Research lowered Valeritas from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Oppenheimer set a $2.00 price target on Valeritas and gave the stock a “buy” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $2.10.

The company has a market capitalization of $30.58 million, a price-to-earnings ratio of -0.17 and a beta of 2.00. The company has a debt-to-equity ratio of 29.19, a current ratio of 3.32 and a quick ratio of 3.98.

Valeritas (NASDAQ:VLRX) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, hitting analysts’ consensus estimates of ($0.15). The business had revenue of $6.40 million during the quarter, compared to the consensus estimate of $6.20 million. Valeritas had a negative return on equity of 1,757.04% and a negative net margin of 183.53%. On average, analysts anticipate that Valeritas Holdings Inc will post -0.56 earnings per share for the current year.

In other news, major shareholder Armistice Capital Master Fund acquired 100,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $0.31 per share, for a total transaction of $31,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VLRX. CVI Holdings LLC acquired a new stake in Valeritas in the 4th quarter valued at $832,000. Millennium Management LLC acquired a new stake in Valeritas in the 4th quarter valued at $165,000. Geode Capital Management LLC increased its holdings in Valeritas by 138.0% in the 4th quarter. Geode Capital Management LLC now owns 186,971 shares of the company’s stock valued at $60,000 after purchasing an additional 108,416 shares in the last quarter. Northern Trust Corp increased its holdings in Valeritas by 855.4% in the 4th quarter. Northern Trust Corp now owns 185,469 shares of the company’s stock valued at $60,000 after purchasing an additional 166,057 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Valeritas by 730.3% in the 3rd quarter. Renaissance Technologies LLC now owns 163,650 shares of the company’s stock valued at $218,000 after purchasing an additional 143,940 shares in the last quarter. Institutional investors and hedge funds own 35.46% of the company’s stock.

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Valeritas Company Profile (NASDAQ:VLRX)

Valeritas Holdings, Inc, a commercial-stage medical technology company, focuses on the development and commercialization of technologies to treat patients with Type 2 diabetes in the United States. The company offers V-Go, a wearable insulin delivery device for basal-bolus therapy. It also develops V-Go Prefill that is in the design-development stage for eliminating the device-filling process and the need for EZ fill refrigeration for patients with Type 2 diabetes; and V-Go SIM for real-time tracking information of basal and bolus dosing utilization.

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