MediWound Ltd. (MDWD) Receives Consensus Rating of “Buy” from Analysts
Shares of MediWound Ltd. (NASDAQ:MDWD) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.00.
A number of equities research analysts recently issued reports on MDWD shares. SunTrust Banks, Inc. reissued a “buy” rating on shares of MediWound in a research note on Monday, June 26th. Aegis reissued a “buy” rating and issued a $11.00 price target on shares of MediWound in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $10.00 price target on shares of MediWound and gave the company a “buy” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research cut shares of MediWound from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th.
A number of hedge funds and other institutional investors have recently made changes to their positions in MDWD. Renaissance Technologies LLC raised its position in shares of MediWound by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 74,300 shares of the biopharmaceutical company’s stock worth $340,000 after buying an additional 7,900 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock worth $351,000 after buying an additional 8,745 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of MediWound by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock worth $14,241,000 after buying an additional 213,745 shares during the last quarter. Institutional investors own 27.32% of the company’s stock.
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Shares of MediWound (NASDAQ MDWD) traded up 0.69% during trading on Friday, reaching $7.30. 3,625 shares of the company’s stock traded hands. The company has a 50 day moving average price of $6.89 and a 200-day moving average price of $6.30. MediWound has a one year low of $4.25 and a one year high of $8.58. The stock’s market cap is $160.09 million.
MediWound (NASDAQ:MDWD) last issued its quarterly earnings data on Monday, May 8th. The biopharmaceutical company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.03. MediWound had a negative return on equity of 225.97% and a negative net margin of 1,053.25%. The firm had revenue of $0.54 million for the quarter, compared to analyst estimates of $0.56 million. During the same period in the previous year, the business earned ($0.17) EPS. MediWound’s revenue for the quarter was up 112.6% compared to the same quarter last year. On average, equities research analysts expect that MediWound will post ($0.80) EPS for the current fiscal year.
MediWound Company Profile
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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