Paulson & CO. Inc. continued to hold its position in shares of Aradigm Corporation (NASDAQ:ARDM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,727 shares of the company’s stock at the end of the first quarter. Paulson & CO. Inc.’s holdings in Aradigm Corporation were worth $299,000 as of its most recent filing with the SEC.
Aradigm Corporation (NASDAQ:ARDM) traded up 1.33% during midday trading on Friday, hitting $1.52. The stock had a trading volume of 7,123 shares. The company’s market cap is $22.50 million. Aradigm Corporation has a 1-year low of $0.78 and a 1-year high of $7.19. The company’s 50 day moving average is $1.24 and its 200 day moving average is $1.72.
Aradigm Corporation (NASDAQ:ARDM) last announced its earnings results on Monday, May 15th. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.18. Aradigm Corporation had a negative net margin of 1,515.94% and a negative return on equity of 665.03%. The company had revenue of $1.69 million for the quarter. On average, equities analysts anticipate that Aradigm Corporation will post ($1.10) earnings per share for the current fiscal year.
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Separately, Zacks Investment Research upgraded Aradigm Corporation from a “sell” rating to a “hold” rating in a research note on Monday, June 5th.
Aradigm Corporation Company Profile
Aradigm Corporation is a pharmaceutical company focused on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. The Company’s lead product candidate is Pulmaquin inhaled ciprofloxacin, which is in Phase III clinical trials. It offers AERx pulmonary drug delivery platform and other technologies.
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