Kamada Ltd. (NASDAQ:KMDA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Kamada Ltd. is a biopharmaceutical company. It develops, produces and markets therapeutics based on chromatographic purification technology. The company offers bio-therapeutics for specialty proteins, specific immunoglobulins and other prescription medicines. Kamada Ltd. is headquartered in Ness Ziona, Israel. “

Separately, Jefferies Group LLC reissued a “buy” rating and issued a $8.00 target price on shares of Kamada in a research note on Wednesday, April 12th.

Kamada (NASDAQ:KMDA) opened at 5.75 on Tuesday. The stock’s 50 day moving average price is $7.16 and its 200-day moving average price is $6.74. The company’s market capitalization is $207.89 million. Kamada has a 12 month low of $3.76 and a 12 month high of $8.61.

Kamada (NASDAQ:KMDA) last released its earnings results on Tuesday, May 16th. The biotechnology company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.08. Kamada had a negative net margin of 11.31% and a negative return on equity of 12.55%. The company had revenue of $11.65 million during the quarter, compared to the consensus estimate of $20.82 million. On average, equities research analysts predict that Kamada will post $0.06 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. raised its stake in Kamada by 17.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 38,200 shares of the biotechnology company’s stock worth $266,000 after buying an additional 5,772 shares during the period. Norges Bank bought a new stake in Kamada during the fourth quarter worth $377,000. Acadian Asset Management LLC bought a new stake in Kamada during the first quarter worth $575,000. Finally, Renaissance Technologies LLC raised its stake in Kamada by 20.4% in the fourth quarter. Renaissance Technologies LLC now owns 227,000 shares of the biotechnology company’s stock worth $1,237,000 after buying an additional 38,500 shares during the period. 5.86% of the stock is owned by institutional investors.

Kamada Company Profile

Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.

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