Kamada (KMDA) Raised to “Hold” at ValuEngine

Kamada (NASDAQ:KMDA) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Kamada in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Kamada from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.50.

Shares of Kamada (NASDAQ:KMDA) traded down $0.05 during mid-day trading on Friday, reaching $5.20. 21,986 shares of the company were exchanged, compared to its average volume of 24,201. Kamada has a fifty-two week low of $3.75 and a fifty-two week high of $8.61. The company has a market capitalization of $211.73, a price-to-earnings ratio of -129.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.71 and a quick ratio of 2.73.

A number of hedge funds have recently made changes to their positions in KMDA. Nexthera Capital LP bought a new position in Kamada during the second quarter worth $1,805,000. Paulson & CO. Inc. increased its position in Kamada by 8.2% during the second quarter. Paulson & CO. Inc. now owns 790,800 shares of the biotechnology company’s stock worth $4,745,000 after acquiring an additional 60,000 shares during the period. Worth Venture Partners LLC bought a new stake in Kamada in the 3rd quarter valued at $246,000. Navellier & Associates Inc bought a new stake in Kamada in the 2nd quarter valued at $303,000. Finally, Analyst IMS Investment Management Services Ltd. increased its holdings in Kamada by 125.5% in the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 89,843 shares of the biotechnology company’s stock valued at $431,000 after buying an additional 50,000 shares during the period. 6.31% of the stock is currently owned by institutional investors and hedge funds.

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About Kamada

Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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