Shares of Opiant Pharmaceuticals, Inc. (NASDAQ:OPNT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.85 and last traded at $43.23, with a volume of 74,719 shares. The stock had previously closed at $37.44.

Separately, ValuEngine upgraded shares of Opiant Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

The stock has a 50 day moving average of $21.49 and a 200-day moving average of $10.66. The stock has a market cap of $102.31 million, a price-to-earnings ratio of 18.99 and a beta of -0.75.

Opiant Pharmaceuticals (NASDAQ:OPNT) last issued its quarterly earnings results on Wednesday, June 14th. The technology company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.82) by $0.73. Opiant Pharmaceuticals had a net margin of 38.89% and a return on equity of 5,686.82%. The firm had revenue of $0.02 million for the quarter. On average, equities analysts anticipate that Opiant Pharmaceuticals, Inc. will post $0.50 earnings per share for the current fiscal year.

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About Opiant Pharmaceuticals

Opiant Pharmaceuticals, Inc, formerly Lightlake Therapeutics, Inc, is a specialty pharmaceutical company. The Company develops pharmacological treatments for substance use, addictive and eating disorders. The Company has developed NARCAN (naloxone hydrochloride) Nasal Spray, a treatment to reverse opioid overdoses, which was conceived, licensed, developed and approved by the United States Food and Drug Administration (FDA).

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