Amphastar Pharmaceuticals (NASDAQ:AMPH) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.
A number of other research firms also recently weighed in on AMPH. Zacks Investment Research downgraded Amphastar Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets raised their price target on Amphastar Pharmaceuticals from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, November 10th. Raymond James Financial downgraded Amphastar Pharmaceuticals from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a report on Thursday, November 9th. Jefferies Group set a $19.00 price objective on Amphastar Pharmaceuticals and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, Needham & Company LLC lifted their price objective on Amphastar Pharmaceuticals from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Amphastar Pharmaceuticals has a consensus rating of “Hold” and an average price target of $19.50.
Amphastar Pharmaceuticals (NASDAQ AMPH) traded down $0.09 during midday trading on Friday, reaching $19.37. The company’s stock had a trading volume of 111,964 shares, compared to its average volume of 162,149. Amphastar Pharmaceuticals has a twelve month low of $12.05 and a twelve month high of $19.95. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $890.56, a P/E ratio of 129.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69.
In other news, Director Stephen B. Shohet sold 7,862 shares of Amphastar Pharmaceuticals stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $18.37, for a total value of $144,424.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO William J. Peters sold 6,226 shares of Amphastar Pharmaceuticals stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $19.67, for a total value of $122,465.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,787 shares of company stock worth $1,359,684. Company insiders own 11.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Amphastar Pharmaceuticals by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,611 shares of the company’s stock valued at $100,000 after purchasing an additional 842 shares during the period. SG Americas Securities LLC purchased a new position in Amphastar Pharmaceuticals during the 2nd quarter valued at about $111,000. BNP Paribas Arbitrage SA increased its holdings in Amphastar Pharmaceuticals by 58.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,545 shares of the company’s stock valued at $188,000 after purchasing an additional 3,880 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Amphastar Pharmaceuticals by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,390 shares of the company’s stock valued at $239,000 after purchasing an additional 4,960 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in Amphastar Pharmaceuticals by 7.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,610 shares of the company’s stock valued at $386,000 after purchasing an additional 1,460 shares during the period. Institutional investors own 44.14% of the company’s stock.
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About Amphastar Pharmaceuticals
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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