Aradigm (ARDM) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of Aradigm (NASDAQ:ARDM) from a sell rating to a hold rating in a research report released on Wednesday morning.
ARDM has been the topic of several other research reports. Zacks Investment Research cut shares of Aradigm from a buy rating to a hold rating in a research report on Wednesday, September 27th. Ladenburg Thalmann Financial Services reiterated a buy rating and set a $10.00 price target (up previously from $7.50) on shares of Aradigm in a research report on Monday, September 25th.
Shares of Aradigm (ARDM) traded down $1.16 during trading hours on Wednesday, hitting $2.26. 2,660,000 shares of the stock traded hands, compared to its average volume of 505,908. The company has a market capitalization of $34.23, a P/E ratio of -2.31 and a beta of 1.56. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of -1.59. Aradigm has a 52-week low of $0.78 and a 52-week high of $7.35.
An institutional investor recently bought a new position in Aradigm stock. Jane Street Group LLC purchased a new stake in shares of Aradigm Corporation (NASDAQ:ARDM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 29,025 shares of the company’s stock, valued at approximately $122,000. Jane Street Group LLC owned 0.19% of Aradigm at the end of the most recent reporting period. Hedge funds and other institutional investors own 32.02% of the company’s stock.
Aradigm Company Profile
Aradigm Corporation is a pharmaceutical company focused on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. The Company’s lead product candidate is Pulmaquin inhaled ciprofloxacin, which is in Phase III clinical trials. It offers AERx pulmonary drug delivery platform and other technologies.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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