Insider Selling: Steven R. Hagen Unloads 1,250 Shares of Albany Molecular Research Stock (AMRI)
Albany Molecular Research (NASDAQ:AMRI) SVP Steven R. Hagen sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $19.74, for a total value of $24,675.00. Following the transaction, the senior vice president now directly owns 30,933 shares in the company, valued at approximately $610,617. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on AMRI shares. Analysts at Zacks downgraded shares of Albany Molecular Research from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $23.70 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “underperform” rating on shares of Albany Molecular Research in a research note on Monday, July 7th. They now have a $15.00 price target on the stock, up previously from $13.00. Finally, analysts at Sterne Agee reiterated an “underperform” rating on shares of Albany Molecular Research in a research note on Monday, July 7th. They now have a $15.00 price target on the stock, up previously from $13.00.
Albany Molecular Research (NASDAQ:AMRI) opened at 19.31 on Wednesday. Albany Molecular Research has a 52 week low of $9.71 and a 52 week high of $22.30. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $17.89. The company has a market cap of $609.3 million and a P/E ratio of 39.76.
Albany Molecular Research (NASDAQ:AMRI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $65.64 million. Analysts expect that Albany Molecular Research will post $0.91 EPS for the current fiscal year.
Albany Molecular Research, Inc (NASDAQ:AMRI) is a contract research and manufacturing company.
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