Neos Therapeutics (NASDAQ:NEOS) issued its earnings results on Friday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.03), MarketWatch Earnings reports. Neos Therapeutics had a negative return on equity of 586.25% and a negative net margin of 164.40%. The business had revenue of $12.50 million for the quarter, compared to the consensus estimate of $14.80 million.
Shares of NASDAQ:NEOS traded up $0.01 during trading on Friday, reaching $2.59. The stock had a trading volume of 651,079 shares, compared to its average volume of 621,268. Neos Therapeutics has a one year low of $2.27 and a one year high of $11.69. The stock has a market capitalization of $83.38 million, a P/E ratio of -0.97 and a beta of 0.44.
NEOS has been the topic of several recent research reports. Wells Fargo & Co dropped their target price on shares of Neos Therapeutics from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, August 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 target price on shares of Neos Therapeutics in a report on Wednesday, August 8th. ValuEngine upgraded shares of Neos Therapeutics from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Finally, Zacks Investment Research upgraded shares of Neos Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Neos Therapeutics currently has a consensus rating of “Hold” and an average price target of $15.50.
In other news, Director Alan L. Heller purchased 43,478 shares of the stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $2.30 per share, for a total transaction of $99,999.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by company insiders.
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About Neos Therapeutics
Neos Therapeutics, Inc, a pharmaceutical company, develops, manufactures, and commercializes products for the treatment of attention deficit hyperactivity disorder (ADHD) using its drug delivery technology platform. Its product candidates are extended-release (XR) medications in orally disintegrating tablets or liquid suspension dosage forms.
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