Shares of Neos Therapeutics Inc (NASDAQ:NEOS) traded down 7.7% during mid-day trading on Monday . The stock traded as low as $2.01 and last traded at $2.05. 509,073 shares were traded during trading, an increase of 37% from the average session volume of 371,612 shares. The stock had previously closed at $2.22.
Several equities research analysts recently weighed in on NEOS shares. Zacks Investment Research upgraded shares of Neos Therapeutics from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, April 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Neos Therapeutics in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Neos Therapeutics has a consensus rating of “Buy” and a consensus target price of $9.69.
The company has a debt-to-equity ratio of 5.51, a current ratio of 1.55 and a quick ratio of 1.37. The firm has a market capitalization of $105.39 million, a P/E ratio of -1.31 and a beta of 0.99.
Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in Neos Therapeutics by 7.8% in the fourth quarter. Deutsche Bank AG now owns 61,269 shares of the company’s stock valued at $100,000 after purchasing an additional 4,414 shares during the last quarter. American International Group Inc. raised its holdings in shares of Neos Therapeutics by 63.9% in the 4th quarter. American International Group Inc. now owns 30,814 shares of the company’s stock worth $51,000 after purchasing an additional 12,016 shares during the period. Rhumbline Advisers grew its stake in shares of Neos Therapeutics by 52.4% in the fourth quarter. Rhumbline Advisers now owns 37,442 shares of the company’s stock valued at $62,000 after buying an additional 12,871 shares in the last quarter. Millennium Management LLC grew its stake in shares of Neos Therapeutics by 25.4% in the fourth quarter. Millennium Management LLC now owns 88,643 shares of the company’s stock valued at $146,000 after buying an additional 17,927 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Neos Therapeutics during the 4th quarter valued at approximately $35,000. 50.83% of the stock is currently owned by institutional investors and hedge funds.
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Neos Therapeutics Company Profile (NASDAQ:NEOS)
Neos Therapeutics, Inc, a pharmaceutical company, develops, manufactures, and commercializes products for the treatment of attention deficit hyperactivity disorder (ADHD) using its drug delivery technology platform. Its products are extended-release (XR) medications in orally disintegrating tablets or liquid suspension dosage forms.
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