Neptune Wellness Solutions (NASDAQ:NEPT) Shares Cross Above Two Hundred Day Moving Average of $4.27

Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.27 and traded as high as $3.63. Neptune Wellness Solutions shares last traded at $3.48, with a volume of 26,494 shares changing hands.

NEPT has been the topic of a number of research reports. ValuEngine upgraded shares of Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Zacks Investment Research lowered shares of Neptune Wellness Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Echelon Wealth Partners reiterated a “buy” rating on shares of Neptune Wellness Solutions in a research note on Wednesday, July 24th. Finally, BidaskClub lowered shares of Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a research note on Friday, September 20th.

The stock’s 50-day simple moving average is $4.00 and its 200-day simple moving average is $4.27. The stock has a market cap of $342.99 million, a price-to-earnings ratio of -23.93 and a beta of 1.84.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last announced its earnings results on Wednesday, August 14th. The biotechnology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). Neptune Wellness Solutions had a negative return on equity of 23.18% and a negative net margin of 107.62%. The business had revenue of $3.26 million for the quarter, compared to analyst estimates of $4.51 million. As a group, sell-side analysts predict that Neptune Wellness Solutions Inc will post 0.01 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in shares of Neptune Wellness Solutions by 19.4% during the 2nd quarter. Wells Fargo & Company MN now owns 15,362 shares of the biotechnology company’s stock worth $67,000 after purchasing an additional 2,500 shares in the last quarter. Royal Bank of Canada grew its position in shares of Neptune Wellness Solutions by 47.3% during the 2nd quarter. Royal Bank of Canada now owns 15,948 shares of the biotechnology company’s stock worth $69,000 after purchasing an additional 5,121 shares in the last quarter. Jane Street Group LLC grew its position in shares of Neptune Wellness Solutions by 45.9% during the 2nd quarter. Jane Street Group LLC now owns 22,598 shares of the biotechnology company’s stock worth $98,000 after purchasing an additional 7,106 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Neptune Wellness Solutions by 265.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,929 shares of the biotechnology company’s stock worth $43,000 after purchasing an additional 7,214 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Neptune Wellness Solutions by 9.1% during the 2nd quarter. Morgan Stanley now owns 208,980 shares of the biotechnology company’s stock worth $909,000 after purchasing an additional 17,361 shares in the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Neptune Wellness Solutions Company Profile (NASDAQ:NEPT)

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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