Neptune Wellness Solutions (NASDAQ:NEPT) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Neptune Wellness Solutions (NASDAQ:NEPTGet Rating) (TSE:NTB) from a sell rating to a hold rating in a research report report published on Wednesday morning.

NASDAQ NEPT opened at $1.72 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.12. Neptune Wellness Solutions has a 12-month low of $1.68 and a 12-month high of $44.45. The company has a market capitalization of $9.80 million, a PE ratio of -0.09 and a beta of 2.08. The firm’s 50 day moving average is $5.14 and its 200-day moving average is $9.29.

A number of hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its position in shares of Neptune Wellness Solutions by 7.1% in the first quarter. Commonwealth Equity Services LLC now owns 1,343,546 shares of the biotechnology company’s stock valued at $298,000 after acquiring an additional 88,755 shares during the period. Banco BTG Pactual S.A. acquired a new position in Neptune Wellness Solutions during the first quarter worth about $28,000. Virtu Financial LLC raised its stake in Neptune Wellness Solutions by 257.6% during the first quarter. Virtu Financial LLC now owns 554,376 shares of the biotechnology company’s stock worth $123,000 after acquiring an additional 399,362 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Neptune Wellness Solutions by 2,047.4% during the third quarter. Goldman Sachs Group Inc. now owns 3,005,884 shares of the biotechnology company’s stock worth $1,817,000 after acquiring an additional 2,865,906 shares in the last quarter. 8.89% of the stock is owned by hedge funds and other institutional investors.

Neptune Wellness Solutions Company Profile (Get Rating)

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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