Innocoll AG (NASDAQ:INNL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Innocoll Holdings develops and manufactures pharmaceutical products and medical devices through its proprietary collagen-based technologies. The company’s product include CollaGUARD(Ex-US), CollatampG(R), Septocoll(R), RegenePro(R), Collieva(R), CollaCare(R), Collexa(R) and Zorpreva(TM). It operates primarily in Asia, Australia, Canada, Europe, Latin America, the Middle East and the United States. Innocoll AG, formerly known as Innocoll GmbH, is headquartered in Athlone, Ireland. “

Separately, FBR & Co began coverage on shares of Innocoll AG in a report on Thursday, June 30th. They issued an “outperform” rating and a $18.00 price target on the stock.

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Innocoll AG (NASDAQ:INNL) traded down 0.82% during trading on Tuesday, hitting $6.03. 150,859 shares of the company were exchanged. The company has a 50-day moving average of $6.03 and a 200-day moving average of $6.84. The company’s market capitalization is $146.85 million. Innocoll AG has a 12 month low of $4.57 and a 12 month high of $13.72.

Innocoll AG (NASDAQ:INNL) last announced its quarterly earnings results on Wednesday, August 17th. The specialty pharmaceutical company reported ($0.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.11. Innocoll AG had a negative net margin of 1,139.95% and a negative return on equity of 1,226.28%. The company had revenue of $1.30 million for the quarter, compared to the consensus estimate of $1.04 million. Analysts forecast that Innocoll AG will post ($2.41) EPS for the current year.

Innocoll AG Company Profile

Innocoll Holdings plc is a commercial-stage specialty pharmaceutical and medical device company with late stage development programs targeting areas of significant unmet medical need. The Company utilizes its collagen-based technology platform to develop biodegradable and fully bioresorbable products and product candidates, which can be broken down by the body without the need for surgical removal or applied topically.

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