Opiant Pharmaceuticals (NASDAQ:OPNT) Downgraded by Cantor Fitzgerald to Neutral

Cantor Fitzgerald lowered shares of Opiant Pharmaceuticals (NASDAQ:OPNTGet Rating) to a neutral rating in a research report sent to investors on Tuesday morning, The Fly reports.

Opiant Pharmaceuticals Stock Up 0.1 %

Shares of OPNT opened at $20.09 on Tuesday. The firm has a 50 day simple moving average of $11.56 and a two-hundred day simple moving average of $11.92. The company has a market cap of $103.74 million, a P/E ratio of -3.06 and a beta of 0.51. Opiant Pharmaceuticals has a one year low of $7.34 and a one year high of $37.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.48 and a quick ratio of 5.48.

Institutional Trading of Opiant Pharmaceuticals

Institutional investors and hedge funds have recently modified their holdings of the business. HealthInvest Partners AB acquired a new position in Opiant Pharmaceuticals during the first quarter worth about $386,000. Essex Investment Management Co. LLC grew its holdings in shares of Opiant Pharmaceuticals by 2.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 32,040 shares of the technology company’s stock valued at $686,000 after purchasing an additional 777 shares during the last quarter. JPMorgan Chase & Co. increased its position in Opiant Pharmaceuticals by 10.7% during the 1st quarter. JPMorgan Chase & Co. now owns 7,466 shares of the technology company’s stock worth $160,000 after purchasing an additional 723 shares in the last quarter. Ovata Capital Management Ltd acquired a new position in Opiant Pharmaceuticals during the 1st quarter worth approximately $2,525,000. Finally, Acadian Asset Management LLC lifted its stake in Opiant Pharmaceuticals by 62.0% in the 1st quarter. Acadian Asset Management LLC now owns 116,478 shares of the technology company’s stock valued at $2,494,000 after purchasing an additional 44,562 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors.

Opiant Pharmaceuticals Company Profile

(Get Rating)

Opiant Pharmaceuticals, Inc, a specialty pharmaceutical company, develops medicines for addictions and drug overdose. The company offers NARCAN nasal spray, a treatment to reverse opioid overdoses. Its pipeline of product candidates includes medicines for the treatment for opioid overdose reversal; alcohol use disorders; acute cannabinoid overdose; and opioid use disorders.

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