Neptune Wellness Solutions (NASDAQ:NEPT – Get Free Report) (TSE:NTB) announced its quarterly earnings data on Tuesday. The biotechnology company reported ($1.38) EPS for the quarter, beating analysts’ consensus estimates of ($12.00) by $10.62, reports. The firm had revenue of $8.74 million during the quarter. Neptune Wellness Solutions had a negative net margin of 71.09% and a negative return on equity of 263.45%.
Neptune Wellness Solutions Stock Performance
NEPT stock opened at $0.67 on Friday. The firm has a 50 day moving average of $7.44 and a 200-day moving average of $7.75. Neptune Wellness Solutions has a 12-month low of $0.62 and a 12-month high of $41.60. The company has a market cap of $407,024.40, a price-to-earnings ratio of -0.01 and a beta of 2.32.
In other news, major shareholder Securities Settlement Neptune sold 74,000 shares of Neptune Wellness Solutions stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $0.81, for a total transaction of $59,940.00. Following the completion of the sale, the insider now directly owns 2,373,948 shares in the company, valued at approximately $1,922,897.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 172,996 shares of company stock worth $154,787. Company insiders own 5.10% of the company’s stock.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Neptune Wellness Solutions to a “sell” rating in a research report on Thursday, October 19th.
About Neptune Wellness Solutions
Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.
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