Rockwell Medical Inc (RMTI) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Rockwell Medical Inc (NASDAQ:RMTI) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Rockwell Medical Technologies, Inc. manufactures hemodialysis concentrates and dialysis kits, and sells, distributes and delivers such concentrates and dialysis kits, as well as other ancillary hemodialysis products, to hemodialysis providers in the United States. Hemodialysis is a process which is able to duplicate kidney function in patients whose kidneys have failed to function properly. “

Shares of Rockwell Medical (NASDAQ:RMTI) opened at 6.05 on Wednesday. Rockwell Medical has a 1-year low of $3.55 and a 1-year high of $10.58. The firm has a 50-day moving average price of $5.97 and a 200 day moving average price of $6.22. The company’s market cap is $311.74 million.

Rockwell Medical (NASDAQ:RMTI) last issued its earnings results on Wednesday, March 15th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.01. Rockwell Medical had a negative net margin of 37.98% and a negative return on equity of 33.60%. The firm earned $13.39 million during the quarter, compared to the consensus estimate of $15.45 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts predict that Rockwell Medical will post ($0.36) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Rockwell Medical Inc (RMTI) Lifted to Hold at Zacks Investment Research” was published by Mideast Time and is owned by of Mideast Time. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.mideasttime.com/rockwell-medical-inc-rmti-lifted-to-hold-at-zacks-investment-research/1589224.html.

In other Rockwell Medical news, Director Kenneth L. Holt sold 6,000 shares of Rockwell Medical stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $5.98, for a total transaction of $35,880.00. Following the completion of the transaction, the director now owns 17,430 shares in the company, valued at approximately $104,231.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Richmond purchased 37,210 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were bought at an average price of $5.84 per share, with a total value of $217,306.40. Following the purchase, the insider now directly owns 176,412 shares in the company, valued at approximately $1,030,246.08. The disclosure for this purchase can be found here. Insiders own 15.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in Rockwell Medical during the third quarter worth about $124,000. Ladenburg Thalmann Financial Services Inc. increased its position in Rockwell Medical by 0.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,090 shares of the company’s stock worth $165,000 after buying an additional 100 shares during the period. Cutter & CO Brokerage Inc. bought a new position in Rockwell Medical during the fourth quarter worth about $166,000. Rehmann Capital Advisory Group increased its position in Rockwell Medical by 34.2% in the third quarter. Rehmann Capital Advisory Group now owns 31,972 shares of the company’s stock worth $214,000 after buying an additional 8,144 shares during the period. Finally, Balasa Dinverno & Foltz LLC increased its position in Rockwell Medical by 4.2% in the third quarter. Balasa Dinverno & Foltz LLC now owns 37,300 shares of the company’s stock worth $250,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 21.14% of the company’s stock.

About Rockwell Medical

Rockwell Medical, Inc (Rockwell) is a biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis. The Company operates through the hemodialysis market segment, which involves the manufacture, sale and distribution of hemodialysis products to hemodialysis clinics, including pharmaceutical, dialysis concentrates, dialysis kits and other ancillary products used in the dialysis process.

5 Day Chart for NASDAQ:RMTI

Get a free copy of the Zacks research report on Rockwell Medical (RMTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rockwell Medical Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rockwell Medical Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.