Aquestive Therapeutics (NASDAQ:AQST) Trading 14.2% Higher

Aquestive Therapeutics Inc (NASDAQ:AQST)’s share price traded up 14.2% during trading on Monday . The stock traded as high as $7.89 and last traded at $8.90, 100,693 shares traded hands during mid-day trading. A decline of 89% from the average session volume of 897,614 shares. The stock had previously closed at $7.79.

AQST has been the topic of a number of recent research reports. HC Wainwright reissued a “buy” rating and issued a $14.00 target price (up from $12.00) on shares of Aquestive Therapeutics in a research note on Monday. Wedbush reiterated a “buy” rating and issued a $37.00 price target on shares of Aquestive Therapeutics in a research note on Monday. Zacks Investment Research raised shares of Aquestive Therapeutics from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Monday, November 11th. Finally, ValuEngine lowered shares of Aquestive Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Aquestive Therapeutics has a consensus rating of “Buy” and an average price target of $18.40.

The firm has a 50-day moving average of $5.14 and a 200-day moving average of $4.19. The firm has a market capitalization of $221.48 million, a P/E ratio of -3.13 and a beta of 2.70.

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada bought a new position in Aquestive Therapeutics during the 2nd quarter valued at about $249,000. Wedbush Securities Inc. grew its stake in shares of Aquestive Therapeutics by 39.2% in the third quarter. Wedbush Securities Inc. now owns 98,489 shares of the company’s stock worth $313,000 after acquiring an additional 27,756 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Aquestive Therapeutics by 728.6% in the second quarter. JPMorgan Chase & Co. now owns 22,761 shares of the company’s stock worth $93,000 after acquiring an additional 20,014 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Aquestive Therapeutics in the second quarter worth approximately $105,000. Finally, Morgan Stanley raised its holdings in shares of Aquestive Therapeutics by 706.1% during the second quarter. Morgan Stanley now owns 17,323 shares of the company’s stock valued at $73,000 after purchasing an additional 15,174 shares during the last quarter. 54.25% of the stock is owned by institutional investors and hedge funds.

Aquestive Therapeutics Company Profile (NASDAQ:AQST)

Aquestive Therapeutics, Inc, a specialty pharmaceutical company, focuses on identifying, developing, and commercializing various products to address unmet medical needs. The company markets Sympazan, an oral soluble film formulation of clobazam for the treatment of lennox-gastaut syndrome; Suboxone, a sublingual film formulation of buprenorphine and naloxone for the treatment of opioid dependence; and Zuplenz, an oral soluble film formulation of ondansetron for the treatment of nausea and vomiting associated with chemotherapy and post-operative recovery in the United States and internationally.

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