PLx Pharma (PLXP) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of PLx Pharma (NASDAQ:PLXP) from a strong sell rating to a sell rating in a report published on Monday.

Separately, Zacks Investment Research lowered shares of PLx Pharma from a buy rating to a sell rating in a report on Tuesday, October 3rd.

Shares of PLx Pharma (NASDAQ PLXP) traded up $0.25 on Monday, hitting $6.90. 36,900 shares of the company’s stock were exchanged, compared to its average volume of 14,077. PLx Pharma has a 52 week low of $5.60 and a 52 week high of $22.00. The company has a current ratio of 8.99, a quick ratio of 8.88 and a debt-to-equity ratio of 0.56.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in PLx Pharma during the 3rd quarter valued at about $145,000. University of Texas Investment Managment Co. bought a new stake in shares of PLx Pharma in the 2nd quarter worth approximately $385,000. Finally, Susquehanna International Group LLP bought a new stake in shares of PLx Pharma in the 2nd quarter worth approximately $1,413,000. 21.87% of the stock is owned by institutional investors and hedge funds.

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PLx Pharma Company Profile

PLx Pharma Inc, formerly Dipexium Pharmaceuticals, Inc, is a biopharmaceutical company. The Company is a late stage specialty pharmaceutical company focusing on commercializing its lead products: Aspertec 325 mg and Aspertec 81 mg (Aspertec). The Company’s products and technology includes PLxGuard delivery system, Aspertec 325 mg, PL1100/PL1200 Ibuprofen.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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