Simulations Plus (SLP) Cut to “Sell” at BidaskClub

Simulations Plus (NASDAQ:SLP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded shares of Simulations Plus from a “sell” rating to a “hold” rating in a report on Wednesday.

Shares of Simulations Plus (NASDAQ SLP) traded up $0.45 on Friday, reaching $16.55. 34,665 shares of the company were exchanged, compared to its average volume of 54,884. The firm has a market capitalization of $294.19, a P/E ratio of 47.29 and a beta of -0.76. Simulations Plus has a fifty-two week low of $9.45 and a fifty-two week high of $17.45.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Tuesday, January 9th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Simulations Plus had a net margin of 23.78% and a return on equity of 24.56%. analysts anticipate that Simulations Plus will post 0.4 EPS for the current year.

In other Simulations Plus news, CEO Walter S. Woltosz sold 18,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $15.78, for a total value of $291,930.00. Following the transaction, the chief executive officer now directly owns 5,610,916 shares in the company, valued at $88,540,254.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 55,500 shares of company stock worth $893,180. 33.45% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new position in shares of Simulations Plus in the fourth quarter valued at about $104,000. The Manufacturers Life Insurance Company grew its stake in shares of Simulations Plus by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,923 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,085 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Simulations Plus in the second quarter valued at about $126,000. Rhumbline Advisers acquired a new position in shares of Simulations Plus in the second quarter valued at about $126,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Simulations Plus in the second quarter valued at about $143,000. Hedge funds and other institutional investors own 33.45% of the company’s stock.

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About Simulations Plus

Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.

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