Amryt Pharma (NASDAQ:AMYT) Sees Strong Trading Volume


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Amryt Pharma plc (NASDAQ:AMYT) saw strong trading volume on Thursday . 9,355 shares were traded during trading, a decline of 56% from the previous session’s volume of 21,451 shares.The stock last traded at $14.27 and had previously closed at $14.23.

A number of equities analysts have recently issued reports on the company. Maxim Group assumed coverage on Amryt Pharma in a research note on Wednesday, March 31st. They set a “buy” rating and a $27.00 target price for the company. Zacks Investment Research downgraded Amryt Pharma from a “hold” rating to a “sell” rating in a research note on Tuesday, March 9th. Finally, SVB Leerink reissued a “buy” rating and set a $40.00 target price on shares of Amryt Pharma in a research note on Sunday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.40.

The firm has a market cap of $511.96 million and a price-to-earnings ratio of -16.60. The business has a fifty day moving average of $14.12 and a two-hundred day moving average of $13.40.

Large investors have recently made changes to their positions in the business. Monashee Investment Management LLC acquired a new stake in Amryt Pharma during the 4th quarter valued at $2,832,000. Silverarc Capital Management LLC acquired a new stake in Amryt Pharma during the 4th quarter valued at $5,700,000. Stonepine Capital Management LLC boosted its holdings in shares of Amryt Pharma by 85.1% during the fourth quarter. Stonepine Capital Management LLC now owns 1,416,483 shares of the company’s stock worth $20,057,000 after purchasing an additional 651,247 shares during the last quarter. Finally, UBS Oconnor LLC acquired a new stake in shares of Amryt Pharma during the fourth quarter worth $28,178,000. Hedge funds and other institutional investors own 15.42% of the company’s stock.

About Amryt Pharma (NASDAQ:AMYT)

Amryt Pharma plc, a biopharmaceutical company, develops and commercializes therapeutics to treat patients suffering from serious and life-threatening rare diseases. The company offers Lomitapide for the treatment of homozygous familial hypercholesterolemia; and Metreleptin for the treatment of generalized and partial lipodystrophy.

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