Neptune Wellness Solutions (NASDAQ:NEPT) Reaches New 52-Week Low at $3.01

Shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT – Get Rating) (TSE:NTB) hit a new 52-week low on Tuesday . The company traded as low as $3.01 and last traded at $3.21, with a volume of 187044 shares trading hands. The stock had previously closed at $0.11.

Separately, StockNews.com assumed coverage on shares of Neptune Wellness Solutions in a research report on Tuesday. They issued a “sell” rating for the company.

The stock’s 50 day moving average is $5.58 and its two-hundred day moving average is $9.77. The stock has a market capitalization of $16.22 million, a PE ratio of -5.07 and a beta of 2.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.75 and a quick ratio of 1.07.

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Neptune Wellness Solutions by 2,047.4% in the third quarter. Goldman Sachs Group Inc. now owns 3,005,884 shares of the biotechnology company’s stock valued at $1,817,000 after buying an additional 2,865,906 shares in the last quarter. Natixis acquired a new position in shares of Neptune Wellness Solutions in the 3rd quarter valued at $69,000. Penserra Capital Management LLC grew its position in shares of Neptune Wellness Solutions by 5.1% in the 4th quarter. Penserra Capital Management LLC now owns 2,526,460 shares of the biotechnology company’s stock valued at $1,035,000 after buying an additional 123,356 shares during the last quarter. Morgan Stanley lifted its position in Neptune Wellness Solutions by 256.1% in the third quarter. Morgan Stanley now owns 503,122 shares of the biotechnology company’s stock valued at $304,000 after acquiring an additional 361,853 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Neptune Wellness Solutions in the fourth quarter valued at $184,000. Institutional investors and hedge funds own 8.89% of the company’s stock.

About Neptune Wellness Solutions (NASDAQ:NEPT)

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.

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