Depomed Inc. Reaches New 12-Month High at $7.72 (DEPO)
Depomed (NASDAQ:DEPO)’s share price reached a new 52-week high during trading on Tuesday, Stock Ratings Network.com reports. The stock traded as high as $7.72 and last traded at $7.70, with a volume of 190,664 shares traded. The stock had previously closed at $7.47.
A number of research firms have recently commented on DEPO. Analysts at Zacks reiterated an “outperform” rating on shares of Depomed (NASDAQ:DEPO) in a research note to investors on Thursday, August 8th. They now have a $9.00 price target on the stock. Analysts at Roth Capital raised their price target on shares of Depomed (NASDAQ:DEPO) from $8.50 to $9.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.20.
Depomed has a one year low of $4.99 and a one year high of $7.75. The stock’s 50-day moving average is $7.31 and its 200-day moving average is $6.1. The company’s market cap is $438.8 million.
Depomed (NASDAQ:DEPO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.06. The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $29.87 million. During the same quarter last year, the company posted ($0.28) earnings per share. Depomed’s revenue was up 112.8% compared to the same quarter last year. Analysts expect that Depomed will post $0.05 EPS for the current fiscal year.
Depomed, Inc (NASDAQ:DEPO) is a specialty pharmaceutical company initially focused on neurology, pain and other diseases of the central nervous system.
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