OPKO Health (NASDAQ:OPK) Given “Market Perform” Rating at Barrington Research

Barrington Research reaffirmed their market perform rating on shares of OPKO Health (NASDAQ:OPKFree Report) in a report issued on Wednesday, MarketBeat.com reports.

Several other equities research analysts have also commented on the company. Wall Street Zen lowered OPKO Health from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of OPKO Health in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1.55.

View Our Latest Stock Analysis on OPKO Health

OPKO Health Stock Performance

Shares of NASDAQ:OPK opened at $1.11 on Wednesday. The firm has a market capitalization of $842.56 million, a PE ratio of -3.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.97 and a quick ratio of 3.52. The business has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.28. OPKO Health has a 12 month low of $0.98 and a 12 month high of $1.60.

OPKO Health (NASDAQ:OPKGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The biotechnology company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $124.20 million during the quarter, compared to analyst estimates of $130.51 million. OPKO Health had a negative return on equity of 17.42% and a negative net margin of 37.19%.The firm’s revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. As a group, research analysts forecast that OPKO Health will post -0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Abel Hall LLC acquired a new position in shares of OPKO Health in the 1st quarter worth approximately $38,000. OP Asset Management Ltd acquired a new position in shares of OPKO Health in the 1st quarter worth approximately $1,257,000. Apella Capital LLC acquired a new position in shares of OPKO Health in the 1st quarter worth approximately $34,000. SG Americas Securities LLC grew its position in shares of OPKO Health by 62.6% in the 1st quarter. SG Americas Securities LLC now owns 87,846 shares of the biotechnology company’s stock worth $100,000 after acquiring an additional 33,824 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of OPKO Health by 63.8% in the 4th quarter. World Investment Advisors now owns 66,520 shares of the biotechnology company’s stock worth $84,000 after acquiring an additional 25,902 shares in the last quarter. Institutional investors and hedge funds own 64.63% of the company’s stock.

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About OPKO Health

(Get Free Report)

OPKO Health, Inc (NASDAQ:OPK) is a diversified, global healthcare company headquartered in Miami, Florida, with a focus on diagnostics, pharmaceuticals and biologics development. The company operates two main business segments—Laboratory Services and Pharma Services & Products—driven by its mission to advance patient care through innovation in testing and targeted therapies.

In its Laboratory Services segment, OPKO leverages BioReference Laboratories, one of the largest full-service commercial labs in the United States.

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