Flamel Technologies S.A. (ADR) (FLML) Posts Quarterly Earnings Results, Misses Estimates By $0.79 EPS
Flamel Technologies S.A. (ADR) (NASDAQ:FLML) released its earnings data on Monday. The company reported ($0.94) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.15) by $0.79, AnalystRatingsNetwork reports.
Shares of Flamel Technologies S.A. (NASDAQ:FLML) opened at 11.36 on Monday. Flamel Technologies S.A. has a 52 week low of $4.38 and a 52 week high of $14.95. The stock has a 50-day moving average of $12.26 and a 200-day moving average of $9.69. The company’s market cap is $434.7 million.
A number of research firms have recently commented on FLML. Analysts at Roth Capital initiated coverage on shares of Flamel Technologies S.A. (ADR) in a research note on Friday, April 11th. They set a “buy” rating and a $20.00 price target on the stock. On the ratings front, analysts at Summer Street initiated coverage on shares of Flamel Technologies S.A. (ADR) in a research note on Wednesday, April 9th. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at Ladenburg Thalmann raised their price target on shares of Flamel Technologies S.A. (ADR) from $10.00 to $18.00 in a research note on Wednesday, March 26th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.04.
Flamel Technologies SA has a pipeline of niche specialty pharmaceutical products. The Company’s drug delivery platforms are focused on developing safer, more efficacious formulations of drugs to address unmet medical needs.
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