Opko Health Inc. (NASDAQ:OPK) was down 5.1% during trading on Thursday . The company traded as low as $2.40 and last traded at $2.42. Approximately 5,598,653 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 5,473,209 shares. The stock had previously closed at $2.55.
A number of equities research analysts recently commented on OPK shares. Zacks Investment Research raised shares of Opko Health from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Friday, November 30th. ValuEngine raised shares of Opko Health from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Barrington Research reaffirmed a “buy” rating and issued a $5.00 price target on shares of Opko Health in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.67.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 1.10. The firm has a market capitalization of $1.57 billion, a P/E ratio of -9.68 and a beta of 1.88.
A number of hedge funds have recently modified their holdings of OPK. Diversified Trust Co bought a new stake in Opko Health during the 4th quarter valued at $30,000. FDx Advisors Inc. bought a new stake in Opko Health during the 4th quarter valued at $33,000. Douglas Lane & Associates LLC bought a new stake in Opko Health during the 4th quarter valued at $42,000. Kovack Advisors Inc. bought a new stake in Opko Health during the 4th quarter valued at $48,000. Finally, Two Sigma Advisers LP bought a new stake in Opko Health during the 4th quarter valued at $49,000. 23.73% of the stock is currently owned by institutional investors and hedge funds.
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Opko Health Company Profile (NASDAQ:OPK)
OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates Bio-Reference Laboratories, a clinical laboratory that offers laboratory testing services in the detection, diagnosis, evaluation, monitoring, and treatment of diseases.
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