ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) EVP Michael J. Yang sold 105,479 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $44.46, for a total value of $4,689,596.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of ACAD traded down $0.18 during mid-day trading on Friday, reaching $44.34. The company had a trading volume of 1,346,760 shares, compared to its average volume of 1,592,080. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.89 and a current ratio of 10.96. The firm has a 50-day moving average price of $45.07 and a 200 day moving average price of $34.02. ACADIA Pharmaceuticals Inc. has a 52 week low of $14.01 and a 52 week high of $53.70. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of -22.86 and a beta of 2.81.
ACADIA Pharmaceuticals (NASDAQ:ACAD) last issued its quarterly earnings results on Wednesday, October 30th. The biopharmaceutical company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.11. ACADIA Pharmaceuticals had a negative return on equity of 50.15% and a negative net margin of 82.48%. The firm had revenue of $94.59 million for the quarter, compared to analysts’ expectations of $88.49 million. During the same period in the previous year, the firm posted ($0.50) EPS. The business’s revenue for the quarter was up 62.2% compared to the same quarter last year. As a group, research analysts forecast that ACADIA Pharmaceuticals Inc. will post -1.62 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of ACAD. AdvisorNet Financial Inc bought a new stake in shares of ACADIA Pharmaceuticals in the 3rd quarter worth approximately $27,000. North Star Investment Management Corp. bought a new stake in shares of ACADIA Pharmaceuticals in the 3rd quarter worth approximately $32,000. Coastal Investment Advisors Inc. bought a new stake in shares of ACADIA Pharmaceuticals in the 3rd quarter worth approximately $36,000. Whittier Trust Co. bought a new stake in shares of ACADIA Pharmaceuticals in the 3rd quarter worth approximately $39,000. Finally, Steward Partners Investment Advisory LLC bought a new position in ACADIA Pharmaceuticals in the 2nd quarter valued at approximately $42,000. 94.49% of the stock is currently owned by hedge funds and other institutional investors.
About ACADIA Pharmaceuticals
ACADIA Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The company offers NUPLAZID (pimavanserin) for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis.
Read More: Dividend Aristocrat Index
Receive News & Ratings for ACADIA Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACADIA Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.