Sagent Pharmaceuticals Inc. (SGNT) Sees Large Volume Increase
Sagent Pharmaceuticals Inc. (NASDAQ:SGNT) shares saw strong trading volume on Friday . 2,251,106 shares traded hands during 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.
Several research analysts have commented on the company. Deutsche Bank AG downgraded Sagent Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. TheStreet raised Sagent Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Raymond James Financial Inc. cut Sagent Pharmaceuticals from a “buy” rating to a “market perform” rating in a report on Tuesday, July 12th. Zacks Investment Research upgraded Sagent Pharmaceuticals from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 12th. Finally, Royal Bank Of Canada cut Sagent Pharmaceuticals from an “outperform” rating to a “hold” rating in a report on Monday, July 11th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.54.
The company’s market cap is $715.13 million. The company’s 50 day moving average is $21.54 and its 200 day moving average is $15.29.
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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