ValuEngine Lowers ProPhase Labs, Inc. (PRPH) to Sell
ValuEngine downgraded shares of ProPhase Labs, Inc. (NASDAQ:PRPH) from a hold rating to a sell rating in a research note issued to investors on Thursday.
Shares of ProPhase Labs (NASDAQ:PRPH) traded up 0.97% during mid-day trading on Thursday, reaching $2.09. The company had a trading volume of 489 shares. The company has a market capitalization of $33.79 million, a P/E ratio of 0.87 and a beta of 0.02. The firm has a 50-day moving average of $2.21 and a 200-day moving average of $2.08. ProPhase Labs has a 12-month low of $1.78 and a 12-month high of $2.45.
ProPhase Labs (NASDAQ:PRPH) last announced its quarterly earnings results on Friday, August 11th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $1.91 million for the quarter. ProPhase Labs had a net margin of 270.98% and a return on equity of 54.87%.
ProPhase Labs announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 15th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through a tender offer. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, CFO Robert V. Cuddihy, Jr. sold 358,621 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $2.30, for a total transaction of $824,828.30. Following the completion of the sale, the chief financial officer now owns 132,703 shares of the company’s stock, valued at $305,216.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Braden Michael Leonard sold 1,695,305 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $2.30, for a total transaction of $3,899,201.50. The disclosure for this sale can be found here. Insiders have sold 2,423,255 shares of company stock valued at $5,573,487 in the last three months. 29.60% of the stock is owned by insiders.
ProPhase Labs Company Profile
ProPhase Labs, Inc manufactures, markets and distributes a range of homeopathic and healthcare products. The Company is engaged in the research and development of over-the-counter (OTC) drugs and natural base health products, including supplements, personal care and cosmeceutical products. The Company’s products include TK Supplements and ORXx Complete.
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