Flamel Technologies SA (NASDAQ:FLML) shot up 4.6% during mid-day trading on Monday . The stock traded as high as $12.96 and last traded at $12.90, with a volume of 93,933 shares. The stock had previously closed at $12.33.

Several brokerages have issued reports on FLML. Zacks Investment Research raised Flamel Technologies SA from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Leerink Swann reaffirmed a “buy” rating and set a $16.00 price target on shares of Flamel Technologies SA in a research note on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.63.

The firm’s 50 day moving average price is $11.52 and its 200-day moving average price is $10.59. The company has a market capitalization of $535.72 million and a P/E ratio of 24.60.

Flamel Technologies SA (NASDAQ:FLML) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by $0.08. During the same period last year, the business earned $0.34 EPS. The firm earned $38.90 million during the quarter, compared to analysts’ expectations of $32.80 million. Flamel Technologies SA’s quarterly revenue was down 20.0% compared to the same quarter last year. On average, equities research analysts expect that Flamel Technologies SA will post ($0.03) earnings per share for the current year.

In related news, Director Craig R. Stapleton acquired 27,228 shares of Flamel Technologies SA stock in a transaction dated Monday, May 16th. The stock was purchased at an average cost of $9.21 per share, for a total transaction of $250,769.88. Following the purchase, the director now directly owns 507,263 shares of the company’s stock, valued at approximately $4,671,892.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Anderson acquired 5,000 shares of Flamel Technologies SA stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $8.84 per share, with a total value of $44,200.00. Following the completion of the purchase, the chief executive officer now directly owns 134,250 shares in the company, valued at $1,186,770. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in Flamel Technologies SA stock. Morgan Stanley increased its stake in Flamel Technologies SA (NASDAQ:FLML) by 131.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 719,463 shares of the company’s stock after buying an additional 408,531 shares during the period. Morgan Stanley owned approximately 1.78% of Flamel Technologies SA worth $8,785,000 at the end of the most recent quarter.

Flamel Technologies SA is a specialty pharmaceutical company. The Company is engaged in the development and commercialization of pharmaceutical products, including controlled-release therapeutic products based on its polymer based technology. The Company has a balanced business model consisting of an Unapproved Marketed Drugs (UMDs) business with over two approved products in the United States, Bloxiverz (neostigmine methylsulfate injection) and Vazculep (phenylephrine hydrochloride injection) that are marketed; a branded pediatric business, and a branded business, focusing on the development of products utilizing Flamel’s drug delivery platforms.

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