Anika Therapeutics Inc (ANIK) is Downgraded by Northland Capital to Market Perform

Anika Therapeutics Inc (ANIK) was Downgraded by Northland Capital to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Northland Capital advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Anika Therapeutics Inc. Company shares were Reiterated by Barrington Research on Feb 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 49 from a previous price target of $45 .

On the company’s financial health, Anika Therapeutics Inc reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.59. The company had revenue of $30.90 million for the quarter, compared to analysts expectations of $28.19 million. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Anika Therapeutics Inc closed down -0.75 points or -1.54% at $47.88 with 1,55,137 shares getting traded on Friday. Post opening the session at $48.66, the shares hit an intraday low of $47.44 and an intraday high of $48.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 11, 2015, John C Moran (director) sold 2,000 shares at $36.18 per share price. According to the SEC, on Aug 3, 2015, Raymond J Land (director) sold 1,708 shares at $37.58 per share price.

Anika Therapeutics Inc. develops manufactures and commercializes therapeutic products for tissue protection healing and repair. The Company’s products are based on hyaluronic acid (HA) a naturally occurring biocompatible polymer found throughout the body. The Company’s wholly owned subsidiary Anika S.r.l. has about 20 products commercialized primarily in Europe. These products are also all made from HA based on two technologies: HYAFF which is a solid form of HA and ACP gel an autocross-linked polymer of HA. The Company’s technologies for modifying the HA molecule allow product properties to be tailored specifically to therapeutic use. The Company offers therapeutic products from these technologies in the areas of: Orthobiologics Dermal (Advanced wound care and Aesthetic dermatology) Surgical (Anti-adhesion and Ear nose and throat care (ENT)) Ophthalmic and Veterinary.

Anika Therapeutics Inc

Leave a Reply

Anika Therapeutics Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Anika Therapeutics Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.