Adamis Pharmaceuticals Corporation (ADMP) Trading 5.4% Higher
Adamis Pharmaceuticals Corporation (NASDAQ:ADMP)’s share price traded up 5.4% on Monday . The company traded as high as $4.95 and last traded at $4.85, with a volume of 626,967 shares changing hands. The stock had previously closed at $4.60.
A number of equities analysts recently weighed in on the company. Maxim Group reissued a “buy” rating and set a $13.00 price objective on shares of Adamis Pharmaceuticals Corporation in a report on Monday. ValuEngine raised Adamis Pharmaceuticals Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th.
The company’s market cap is $166.16 million. The company has a 50-day moving average price of $4.87 and a 200 day moving average price of $4.30.
Several institutional investors have recently modified their holdings of ADMP. First Allied Advisory Services Inc. purchased a new position in shares of Adamis Pharmaceuticals Corporation during the second quarter worth approximately $114,000. Stonebridge Capital Advisors LLC increased its position in Adamis Pharmaceuticals Corporation by 22.2% in the second quarter. Stonebridge Capital Advisors LLC now owns 27,500 shares of the specialty pharmaceutical company’s stock valued at $143,000 after buying an additional 5,000 shares in the last quarter. Wells Fargo & Company MN bought a new position in Adamis Pharmaceuticals Corporation during the second quarter valued at about $169,000. IFP Advisors Inc increased its position in Adamis Pharmaceuticals Corporation by 2,245.6% in the second quarter. IFP Advisors Inc now owns 34,433 shares of the specialty pharmaceutical company’s stock valued at $179,000 after buying an additional 32,965 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its position in Adamis Pharmaceuticals Corporation by 103.2% in the second quarter. Virtu KCG Holdings LLC now owns 38,474 shares of the specialty pharmaceutical company’s stock valued at $200,000 after buying an additional 19,538 shares in the last quarter. Hedge funds and other institutional investors own 11.61% of the company’s stock.
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About Adamis Pharmaceuticals Corporation
Adamis Pharmaceuticals Corporation is a pharmaceutical company. The Company is engaged in the development of its specialty pharmaceutical products. The Company is developing various products in the allergy and respiratory markets, including a dry powder inhaler technology that it acquired from 3M Company (3M).