MLV & Co Downgrades Acura Pharmaceuticals to Hold (ACUR)
Acura Pharmaceuticals (NASDAQ:ACUR) was downgraded by equities researchers at MLV & Co
from a “buy” rating to a “hold” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $1.00 price target on the stock, down from their previous price target of $2.00. MLV & Co
‘s price target would indicate a potential downside of 20.63% from the company’s current price.
In other Acura Pharmaceuticals news, Director Bruce F. Wesson acquired 80,000 shares of the stock in a transaction dated Friday, May 16th. The shares were purchased at an average price of $1.13 per share, with a total value of $90,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Acura Pharmaceuticals (NASDAQ:ACUR) traded down 15.87% during mid-day trading on Wednesday, hitting $1.06. 223,310 shares of the company’s stock traded hands. Acura Pharmaceuticals has a 52-week low of $1.08 and a 52-week high of $2.59. The stock’s 50-day moving average is $1.28 and its 200-day moving average is $1.. The company’s market cap is $51.8 million.
Acura Pharmaceuticals (NASDAQ:ACUR) last announced its earnings results on Monday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.03. On average, analysts predict that Acura Pharmaceuticals will post $-0.16 earnings per share for the current fiscal year.
Separately, analysts at Roth Capital initiated coverage on shares of Acura Pharmaceuticals in a research note on Thursday, May 22nd. They set a “buy” rating and a $2.50 price target on the stock.
Acura Pharmaceuticals, Inc, is a specialty pharmaceutical company engaged in the research, development and commercialization of products focused on addressing medication abuse and misuse, utilizing its Aversion and Impede Technologies.
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