Sagent Pharmaceuticals Inc. (SGNT) Sees Unusually-High Trading Volume
Shares of Sagent Pharmaceuticals Inc. (NASDAQ:SGNT) saw an uptick in trading volume on Friday . 2,251,106 shares changed hands during mid-day trading, an increase of 187% from the previous session’s volume of 785,150 shares.The stock last traded at $21.73 and had previously closed at $21.73.
A number of research firms have weighed in on SGNT. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 price target (down from $28.00) on shares of Sagent Pharmaceuticals in a research note on Wednesday, May 4th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $22.00 target price (down from $23.00) on shares of Sagent Pharmaceuticals in a research note on Wednesday, May 4th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $18.00 target price on shares of Sagent Pharmaceuticals in a research note on Wednesday, May 4th. Zacks Investment Research downgraded Sagent Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, June 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $15.00 target price (up from $13.00) on shares of Sagent Pharmaceuticals in a research note on Friday, June 17th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.54.
The stock’s 50 day moving average is $21.54 and its 200-day moving average is $15.29. The stock’s market capitalization is $715.13 million.
Sagent Pharmaceuticals, Inc is a specialty and generic pharmaceutical company. The Company is a provider of pharmaceuticals to the hospital market, which it sells primarily throughout North America. It is focused on developing, manufacturing, sourcing and marketing injectable pharmaceutical products to the hospital market.
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