Albany Molecular Research Inc. (AMRI) Trading Down 0.7%
Albany Molecular Research Inc. (NASDAQ:AMRI)’s share price fell 0.7% during mid-day trading on Friday . The company traded as low as $14.53 and last traded at $14.60, with a volume of 68,690 shares traded. The stock had previously closed at $14.71.
Separately, Morgan Stanley restated a “buy” rating on shares of Albany Molecular Research in a research note on Sunday, May 8th.
The company’s market capitalization is $505.85 million. The firm has a 50 day moving average price of $14.65 and a 200 day moving average price of $14.61.
Albany Molecular Research (NASDAQ:AMRI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $123.10 million. On average, equities analysts anticipate that Albany Molecular Research Inc. will post $1.09 earnings per share for the current fiscal year.
Albany Molecular Research, Inc is a global contract research and manufacturing company. The Company provides drug discovery, development, and manufacturing services. The Company operates through three segments: Discovery and Development Services (DDS), Active Pharmaceutical Ingredients (API) and Drug Product Manufacturing (DPM).
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