Equities researchers at StockNews.com initiated coverage on shares of Neptune Wellness Solutions (NASDAQ:NEPT – Get Free Report) (TSE:NTB) in a report released on Tuesday. The brokerage set a “sell” rating on the biotechnology company’s stock.
Neptune Wellness Solutions Stock Performance
Neptune Wellness Solutions has a 52 week low of $0.19 and a 52 week high of $28.00. The firm has a fifty day moving average of $0.39 and a 200-day moving average of $3.12. The company has a market cap of $906,000.00, a price-to-earnings ratio of 0.00 and a beta of 2.19.
Insider Activity
In other news, major shareholder Securities Settlement Neptune sold 64,819 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $0.44, for a total value of $28,520.36. Following the completion of the sale, the insider now owns 1,738,116 shares of the company’s stock, valued at approximately $764,771.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
About Neptune Wellness Solutions
Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.
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