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Palatin Technologies Inc (AMEX: PTN) closed the day trading at $0.21 down -1.24% from the previous closing price of $0.21. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 1.34 million shares were traded.
Ratios:
For a better understanding of PTN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on June 05, 2015, Reiterated its Buy rating but revised its target price to $6 from $4 previously.
On January 12, 2015, ROTH Capital reiterated its Buy rating and also upped its target price recommendation from $6 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 01 ’24 when WILLS STEPHEN T sold 4,999 shares for $1.66 per share. The transaction valued at 8,274 led to the insider holds 235,456 shares of the business.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 16.66.
Stock Price History:
Over the past 52 weeks, PTN has reached a high of $2.48, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is -68.53%, while the 200-Day Moving Average is calculated to be -80.55%.
Shares Statistics:
A total of 28.15M shares are outstanding, with a floating share count of 27.33M. Insiders hold about 2.93% of the company’s shares, while institutions hold 13.11% stake in the company.
