Aratana Therapeutics Inc Sets New 1-Year High at $21.49 (PETX)
Aratana Therapeutics (NASDAQ:PETX) set a new 52-week high during mid-day trading on Thursday, American Banking News reports. The stock traded as high as $21.49 and last traded at $20.92, with a volume of 60,473 shares. The stock had previously closed at $18.52.
PETX has been the subject of a number of recent research reports. Analysts at William Blair initiated coverage on shares of Aratana Therapeutics in a research note to investors on Tuesday, July 23rd. They set an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets initiated coverage on shares of Aratana Therapeutics in a research note to investors on Tuesday, July 23rd. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Craig Hallum initiated coverage on shares of Aratana Therapeutics in a research note to investors on Monday, July 22nd. They set a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $19.00.
Aratana Therapeutics has a 52-week low of $6.56 and a 52-week high of $20.58. The stock has a 50-day moving average of $13.4 and a 200-day moving average of $11.20. The company’s market cap is $463.5 million.
Aratana Therapeutics (NASDAQ:PETX) last issued its quarterly earnings data on Monday, August 12th. The company reported ($4.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($10.21) by $5.59. On average, analysts predict that Aratana Therapeutics will post $-2.80 earnings per share for the current fiscal year.
Aratana Therapeutics, Inc is a development-stage biopharmaceutical company. As of March 20, 2013, the Company has three licensed compounds in development for six product approvals in cats and dogs in each of the United States and Europe.
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