CollPlant Biotechnologies (NASDAQ:CLGN) Stock Price Down 3.8% – Time to Sell?

CollPlant Biotechnologies Ltd. Sponsored ADR (NASDAQ:CLGNGet Free Report)’s share price was down 3.8% during mid-day trading on Thursday . The stock traded as low as $1.47 and last traded at $1.50. Approximately 66,522 shares changed hands during trading, an increase of 102% from the average daily volume of 32,879 shares. The stock had previously closed at $1.56.

Wall Street Analyst Weigh In

Separately, D. Boral Capital lowered their price target on CollPlant Biotechnologies from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, May 28th.

View Our Latest Stock Analysis on CollPlant Biotechnologies

CollPlant Biotechnologies Stock Down 3.8%

The company’s fifty day simple moving average is $2.09 and its two-hundred day simple moving average is $3.01. The company has a market capitalization of $19.08 million, a price-to-earnings ratio of -1.23 and a beta of 1.77.

CollPlant Biotechnologies (NASDAQ:CLGNGet Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.24. The business had revenue of $2.06 million during the quarter, compared to analysts’ expectations of $9.76 million. CollPlant Biotechnologies had a negative net margin of 560.92% and a negative return on equity of 87.33%. Equities research analysts expect that CollPlant Biotechnologies Ltd. Sponsored ADR will post -1.44 earnings per share for the current year.

Institutional Investors Weigh In On CollPlant Biotechnologies

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in shares of CollPlant Biotechnologies by 110.1% during the 4th quarter. Wells Fargo & Company MN now owns 8,405 shares of the company’s stock valued at $30,000 after purchasing an additional 4,405 shares in the last quarter. Renaissance Technologies LLC bought a new stake in CollPlant Biotechnologies during the 4th quarter worth approximately $38,000. Finally, AMH Equity Ltd raised its holdings in CollPlant Biotechnologies by 17.4% during the 4th quarter. AMH Equity Ltd now owns 116,500 shares of the company’s stock worth $419,000 after buying an additional 17,295 shares during the period. 21.69% of the stock is currently owned by institutional investors.

About CollPlant Biotechnologies

(Get Free Report)

CollPlant Biotechnologies Ltd., a regenerative and aesthetic medicine company, focuses on three-dimensional (3D) bioprinting of tissues and organs, and medical aesthetics in the United States, Canada, Israel, Europe, and internationally. Its products are based on recombinant type I human collagen that is produced with its proprietary plant based genetic engineering technology.

Further Reading

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