PLx Pharma (NASDAQ:PLXP) has received an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.00.
Separately, Janney Montgomery Scott began coverage on PLx Pharma in a research note on Friday, January 19th. They issued a “buy” rating and a $14.00 price target for the company.
NASDAQ:PLXP traded up $0.05 on Wednesday, hitting $3.50. 10,198 shares of the stock were exchanged, compared to its average volume of 15,128. PLx Pharma has a 52 week low of $3.20 and a 52 week high of $11.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 14.19 and a quick ratio of 14.06.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of PLx Pharma by 44.4% in the 4th quarter. Renaissance Technologies LLC now owns 32,512 shares of the biotechnology company’s stock valued at $224,000 after buying an additional 10,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of PLx Pharma by 120.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 550,000 shares of the biotechnology company’s stock valued at $361,000 after buying an additional 300,000 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of PLx Pharma in the 4th quarter valued at approximately $759,000. 25.01% of the stock is owned by institutional investors.
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PLx Pharma Company Profile
PLx Pharma Inc, a late-stage specialty pharmaceutical company, focuses on developing nonsteroidal anti-inflammatory drugs and other pharmaceutical agents. Its lead product is Aspertec 325 mg, a novel formulation of aspirin that uses the PLxGuard delivery system to reduce acute gastrointestinal (GI) side effects while providing antiplatelet effectiveness for cardiovascular disease prevention.
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