Amneal Pharmaceuticals (NASDAQ:AMRX) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Amneal Pharmaceuticals (NASDAQ:AMRXGet Rating) from a hold rating to a buy rating in a research note issued to investors on Friday.

NASDAQ:AMRX opened at $3.19 on Friday. The stock has a market capitalization of $966.31 million, a price-to-earnings ratio of 159.50, a PEG ratio of 0.16 and a beta of 1.17. Amneal Pharmaceuticals has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 6.65, a quick ratio of 1.46 and a current ratio of 2.31. The company’s 50 day moving average is $3.62.

Amneal Pharmaceuticals (NASDAQ:AMRXGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $497.63 million during the quarter, compared to analyst estimates of $500.68 million. Amneal Pharmaceuticals had a return on equity of 53.73% and a net margin of 0.08%. As a group, equities research analysts forecast that Amneal Pharmaceuticals will post 0.74 EPS for the current fiscal year.

About Amneal Pharmaceuticals (Get Rating)

Amneal Pharmaceuticals, Inc, together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic and specialty pharmaceutical products for various dosage forms and therapeutic areas. The company operates through three segments: Generics, Specialty, and AvKARE. The Generics segment develops, manufactures, and commercializes complex oral solids, injectables, ophthalmics, liquids, topicals, softgels, inhalation products, and transdermals across a range of therapeutic categories.

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