Cambrex Co. (NYSE:CBM) CEO Steven M. Klosk sold 347,206 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $59.99, for a total value of $20,828,887.94.
CBM opened at $59.99 on Friday. The company’s 50 day moving average is $59.80 and its 200 day moving average is $53.29. The company has a current ratio of 2.37, a quick ratio of 1.70 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 21.66 and a beta of 2.14. Cambrex Co. has a 12-month low of $33.80 and a 12-month high of $60.29.
Cambrex (NYSE:CBM) last announced its earnings results on Thursday, October 31st. The biotechnology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Cambrex had a net margin of 5.96% and a return on equity of 5.38%. The business had revenue of $148.56 million during the quarter.
CBM has been the topic of a number of research reports. Craig Hallum downgraded Cambrex from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Monday, August 12th. ValuEngine cut Cambrex from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research downgraded Cambrex from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.83.
Cambrex Corporation, a life sciences company, provides various products and services for the development and commercialization of new and generic therapeutics worldwide. Its products comprise active pharmaceutical ingredients and pharmaceutical intermediates that are used in the production of prescription and over-the-counter drug products, as well as finished dosage forms.
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