Galmed Pharmaceuticals (GLMD) Downgraded by ValuEngine to “Sell”
Galmed Pharmaceuticals (NASDAQ:GLMD) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
GLMD has been the subject of a number of other research reports. HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Galmed Pharmaceuticals in a research note on Friday, October 27th. Seaport Global Securities reissued a “buy” rating and set a $19.00 target price on shares of Galmed Pharmaceuticals in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, November 14th. Roth Capital began coverage on shares of Galmed Pharmaceuticals in a report on Wednesday, November 15th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Maxim Group set a $14.00 price target on shares of Galmed Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Galmed Pharmaceuticals has an average rating of “Buy” and a consensus price target of $18.30.
Shares of Galmed Pharmaceuticals (NASDAQ GLMD) traded down $0.07 during trading hours on Friday, hitting $7.97. 41,862 shares of the company’s stock were exchanged, compared to its average volume of 33,672. Galmed Pharmaceuticals has a 52 week low of $3.04 and a 52 week high of $9.59.
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Galmed Pharmaceuticals Company Profile
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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