Amicus Therapeutics (FOLD) Sees Unusually-High Trading Volume
Amicus Therapeutics, Inc. (NASDAQ:FOLD) shares saw strong trading volume on Wednesday . 647,346 shares changed hands during mid-day trading, a decline of 81% from the previous session’s volume of 3,457,649 shares.The stock last traded at $15.12 and had previously closed at $15.16.
A number of analysts recently commented on the stock. ValuEngine upgraded shares of Amicus Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Robert W. Baird set a $20.00 target price on shares of Amicus Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Leerink Swann lifted their price objective on shares of Amicus Therapeutics from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. BidaskClub upgraded shares of Amicus Therapeutics from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Finally, Cowen restated a “buy” rating and set a $22.00 price objective on shares of Amicus Therapeutics in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.06.
The company has a current ratio of 5.60, a quick ratio of 5.53 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2,810.85, a P/E ratio of -8.29 and a beta of 1.60.
In other news, CEO John F. Crowley sold 65,581 shares of Amicus Therapeutics stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $13.51, for a total transaction of $885,999.31. Following the completion of the transaction, the chief executive officer now directly owns 393,076 shares of the company’s stock, valued at approximately $5,310,456.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jay Barth sold 5,000 shares of Amicus Therapeutics stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $14.71, for a total transaction of $73,550.00. Following the transaction, the insider now directly owns 69,184 shares of the company’s stock, valued at $1,017,696.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 207,870 shares of company stock valued at $3,066,112. Company insiders own 3.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sage Capital Advisors llc purchased a new position in shares of Amicus Therapeutics during the 3rd quarter valued at approximately $154,000. Engineers Gate Manager LP purchased a new position in shares of Amicus Therapeutics during the 3rd quarter valued at approximately $155,000. Neuberger Berman Group LLC purchased a new position in shares of Amicus Therapeutics during the 3rd quarter valued at approximately $196,000. Great West Life Assurance Co. Can increased its holdings in Amicus Therapeutics by 40.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 14,445 shares of the biopharmaceutical company’s stock worth $212,000 after acquiring an additional 4,145 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in Amicus Therapeutics in the 3rd quarter worth $218,000.
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About Amicus Therapeutics
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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