Assertio Holdings, Inc. (NASDAQ:ASRT - Get Free Report)'s share price dropped 3.7% during mid-day trading on Tuesday . The stock traded as low as $0.66 and last traded at $0.66. Approximately 151,355 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 529,629 shares. The stock had previously closed at $0.69.
Analysts Set New Price Targets
ASRT has been the topic of several recent research reports. HC Wainwright reiterated a "buy" rating and issued a $3.50 price target on shares of Assertio in a report on Monday, May 19th. Alliance Global Partners restated a "buy" rating on shares of Assertio in a report on Tuesday, May 13th. Finally, Wall Street Zen cut Assertio from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Report on ASRT
Assertio Price Performance
The company has a current ratio of 1.66, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $65.32 million, a P/E ratio of -2.12 and a beta of 0.29. The company has a fifty day moving average price of $0.66 and a two-hundred day moving average price of $0.71.
Assertio (NASDAQ:ASRT - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.08). Assertio had a negative net margin of 25.72% and a negative return on equity of 24.87%. The firm had revenue of $26.49 million during the quarter, compared to analyst estimates of $27.52 million. During the same period in the prior year, the business posted $0.04 EPS. Equities analysts anticipate that Assertio Holdings, Inc. will post -0.15 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ASRT. Marshall Wace LLP bought a new position in shares of Assertio during the 4th quarter worth approximately $64,000. Stifel Financial Corp acquired a new position in shares of Assertio during the 4th quarter worth $27,000. Commonwealth Equity Services LLC acquired a new position in shares of Assertio during the 4th quarter worth $30,000. Northern Trust Corp increased its holdings in Assertio by 21.3% in the 4th quarter. Northern Trust Corp now owns 227,217 shares of the company's stock worth $198,000 after purchasing an additional 39,906 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Assertio by 3.9% in the 4th quarter. Two Sigma Investments LP now owns 910,046 shares of the company's stock worth $793,000 after purchasing an additional 34,004 shares in the last quarter. Institutional investors and hedge funds own 48.96% of the company's stock.
About Assertio
(
Get Free Report)
Assertio Holdings, Inc, a commercial pharmaceutical company, provides various products to patients in the United States. Its pharmaceutical products include INDOCIN, an oral and suppository solution for the treatment of moderate to severe rheumatoid arthritis, including acute flares of chronic disease; ankylosing spondylitis and osteoarthritis; and acute painful shoulder and gouty arthritis.
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