Teligent Inc (NASDAQ:TLGT)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.54 and last traded at $2.54, with a volume of 428640 shares trading hands. The stock had previously closed at $2.57.
TLGT has been the topic of several recent research reports. Canaccord Genuity set a $4.00 price target on Teligent and gave the stock a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research raised Teligent from a “sell” rating to a “hold” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.83.
The stock has a market cap of $139.37, a P/E ratio of -11.77 and a beta of 1.13. The company has a debt-to-equity ratio of 2.23, a current ratio of 3.28 and a quick ratio of 2.71.
A number of hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC grew its stake in Teligent by 16.1% in the second quarter. Voya Investment Management LLC now owns 23,342 shares of the company’s stock worth $214,000 after purchasing an additional 3,234 shares during the period. Northern Trust Corp grew its stake in Teligent by 2.3% in the second quarter. Northern Trust Corp now owns 565,682 shares of the company’s stock worth $5,176,000 after purchasing an additional 12,758 shares during the period. Elk Creek Partners LLC grew its stake in Teligent by 0.9% in the third quarter. Elk Creek Partners LLC now owns 1,709,841 shares of the company’s stock worth $11,473,000 after purchasing an additional 15,087 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Teligent by 26.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 74,300 shares of the company’s stock worth $270,000 after purchasing an additional 15,400 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in Teligent by 85.6% in the second quarter. Parametric Portfolio Associates LLC now owns 34,549 shares of the company’s stock worth $316,000 after purchasing an additional 15,933 shares during the period. 68.36% of the stock is currently owned by institutional investors.
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Teligent, Inc is a specialty generic pharmaceutical company. Under the Company’s own label, it markets and sells generic injectable pharmaceutical products in the United States and Canada. In the United States it marketed 16 generic topical pharmaceutical products and four branded generic pharmaceutical products, as of December 31, 2016.
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