Neptune Wellness Solutions Inc (NASDAQ:NEPT) Given Average Rating of “Hold” by Analysts

Shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) have earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company.

NEPT has been the subject of a number of research analyst reports. Zacks Investment Research cut Neptune Wellness Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. ValuEngine upgraded Neptune Wellness Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. TheStreet lowered Neptune Wellness Solutions from a “c-” rating to a “d+” rating in a research report on Tuesday, October 15th. BidaskClub lowered Neptune Wellness Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Finally, Echelon Wealth Partners restated a “buy” rating on shares of Neptune Wellness Solutions in a research report on Wednesday, July 24th.

Shares of Neptune Wellness Solutions stock traded down $0.32 during mid-day trading on Monday, reaching $2.64. 1,585,500 shares of the stock traded hands, compared to its average volume of 883,303. The business has a 50-day moving average of $3.48 and a 200 day moving average of $4.25. Neptune Wellness Solutions has a fifty-two week low of $2.42 and a fifty-two week high of $6.57. The stock has a market capitalization of $273.65 million, a PE ratio of -18.86 and a beta of 1.86.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last announced its earnings results on Wednesday, August 14th. The biotechnology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Neptune Wellness Solutions had a negative net margin of 187.60% and a negative return on equity of 48.71%. The firm had revenue of $3.26 million for the quarter, compared to analyst estimates of $4.51 million. As a group, analysts forecast that Neptune Wellness Solutions will post -0.02 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Neptune Wellness Solutions by 265.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,929 shares of the biotechnology company’s stock valued at $43,000 after purchasing an additional 7,214 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Neptune Wellness Solutions by 19.4% in the second quarter. Wells Fargo & Company MN now owns 15,362 shares of the biotechnology company’s stock valued at $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% in the second quarter. Royal Bank of Canada now owns 15,948 shares of the biotechnology company’s stock valued at $69,000 after purchasing an additional 5,121 shares in the last quarter. Signition LP purchased a new stake in shares of Neptune Wellness Solutions in the second quarter valued at approximately $87,000. Finally, Jane Street Group LLC grew its position in shares of Neptune Wellness Solutions by 45.9% in the second quarter. Jane Street Group LLC now owns 22,598 shares of the biotechnology company’s stock valued at $98,000 after purchasing an additional 7,106 shares in the last quarter. Institutional investors and hedge funds own 11.82% of the company’s stock.

Neptune Wellness Solutions Company Profile

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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