Galmed Pharmaceuticals Ltd. (GLMD) Cut to “Hold” at Zacks Investment Research
According to Zacks, “Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. It is focused on developing therapies for liver diseases and gallstones. Galmed Pharmaceuticals Ltd. is based in Tel Aviv, Israel. “
Several other research firms have also recently issued reports on GLMD. HC Wainwright reaffirmed a buy rating on shares of Galmed Pharmaceuticals in a report on Monday, November 7th. Maxim Group reaffirmed a buy rating and issued a $9.00 price target (down previously from $24.00) on shares of Galmed Pharmaceuticals in a report on Monday, August 1st. Finally, FBR & Co set a $20.00 price target on Galmed Pharmaceuticals and gave the company a buy rating in a report on Friday, August 5th. Five equities research analysts have rated the stock with a buy rating, Galmed Pharmaceuticals presently has an average rating of Buy and an average price target of $12.20.
Galmed Pharmaceuticals (NASDAQ:GLMD) opened at 3.51 on Friday. Galmed Pharmaceuticals has a one year low of $2.78 and a one year high of $9.70. The company has a 50-day moving average price of $3.67 and a 200-day moving average price of $4.16. The firm’s market cap is $42.64 million.
Galmed Pharmaceuticals (NASDAQ:GLMD) last posted its quarterly earnings results on Monday, November 7th. The biopharmaceutical company reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.05. Equities analysts predict that Galmed Pharmaceuticals will post ($1.39) earnings per share for the current fiscal year.
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An institutional investor recently bought a new position in Galmed Pharmaceuticals stock. P.A.W. Capital Corp bought a new stake in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,000 shares of the biopharmaceutical company’s stock, valued at approximately $266,000. P.A.W. Capital Corp owned approximately 0.54% of Galmed Pharmaceuticals at the end of the most recent reporting period. 5.82% of the stock is currently owned by institutional investors.
Galmed Pharmaceuticals Company Profile
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
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