ADMA Biologics Inc (NASDAQ:ADMA) rose 11.3% during mid-day trading on Thursday . The stock traded as high as $3.48 and last traded at $3.06. Approximately 703,300 shares traded hands during trading, an increase of 1,134% from the average daily volume of 57,012 shares. The stock had previously closed at $2.75.
A number of research firms have recently weighed in on ADMA. Raymond James Financial, Inc. upgraded shares of ADMA Biologics from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research report on Tuesday. ValuEngine downgraded shares of ADMA Biologics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.
The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.35 and a current ratio of 2.36.
An institutional investor recently raised its position in ADMA Biologics stock. Iguana Healthcare Management LLC increased its holdings in ADMA Biologics Inc (NASDAQ:ADMA) by 276.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,000 shares of the biotechnology company’s stock after buying an additional 415,000 shares during the period. Iguana Healthcare Management LLC owned 2.19% of ADMA Biologics worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 34.55% of the company’s stock.
ADMA Biologics Company Profile
ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.
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