ValuEngine Lowers Gemphire Therapeutics (GEMP) to Strong Sell

Gemphire Therapeutics (NASDAQ:GEMP) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

Several other analysts have also issued reports on the stock. HC Wainwright restated a “buy” rating and set a $28.00 price target on shares of Gemphire Therapeutics in a research report on Thursday, February 1st. Zacks Investment Research lowered shares of Gemphire Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Roth Capital restated a “buy” rating and set a $30.00 price target on shares of Gemphire Therapeutics in a research report on Friday, December 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $22.00 price target on shares of Gemphire Therapeutics in a research report on Friday, October 27th. Finally, Canaccord Genuity restated a “buy” rating and set a $31.00 price target on shares of Gemphire Therapeutics in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.17.

Gemphire Therapeutics (NASDAQ:GEMP) traded down $2.39 during midday trading on Thursday, reaching $6.24. 1,743,820 shares of the company’s stock traded hands, compared to its average volume of 54,231. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.00. Gemphire Therapeutics has a twelve month low of $6.16 and a twelve month high of $21.59. The stock has a market capitalization of $66.35 and a price-to-earnings ratio of -2.15.

Gemphire Therapeutics (NASDAQ:GEMP) last posted its quarterly earnings results on Monday, November 13th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.14). equities analysts expect that Gemphire Therapeutics will post -3.31 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Gemphire Therapeutics during the second quarter worth about $139,000. Vanguard Group Inc. boosted its holdings in shares of Gemphire Therapeutics by 137.6% during the second quarter. Vanguard Group Inc. now owns 30,898 shares of the company’s stock worth $399,000 after purchasing an additional 17,892 shares during the period. Comerica Bank purchased a new stake in shares of Gemphire Therapeutics during the third quarter worth about $850,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Gemphire Therapeutics by 4.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 159,964 shares of the company’s stock worth $1,520,000 after purchasing an additional 6,900 shares during the period. Finally, Bamco Inc. NY purchased a new stake in shares of Gemphire Therapeutics during the third quarter worth about $2,709,000. Institutional investors own 32.21% of the company’s stock.

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About Gemphire Therapeutics

Gemphire Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of therapeutics to treat cardiovascular and metabolic diseases. It is developing its product candidate, gemcabene (CI-1027), which is a once-daily, oral therapy for patients who are unable to achieve normal levels of low-density lipoprotein cholesterol (LDL-C) or triglycerides with approved therapies, primarily statin therapy.

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

Analyst Recommendations for Gemphire Therapeutics (NASDAQ:GEMP)

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