Neptune Wellness Solutions (TSE:NEPT) Shares Down 1.8%
Neptune Wellness Solutions Inc (TSE:NEPT)’s stock price dropped 1.8% during mid-day trading on Monday . The stock traded as low as C$3.75 and last traded at C$3.83, approximately 119,208 shares traded hands during trading. A decline of 59% from the average daily volume of 292,904 shares. The stock had previously closed at C$3.90.
Separately, Cowen increased their price objective on Neptune Wellness Solutions from C$2.75 to C$3.75 in a report on Sunday, May 17th.
The stock has a market cap of $376.49 million and a PE ratio of -5.63. The business has a 50 day moving average price of C$3.86 and a 200 day moving average price of C$3.12. The company has a quick ratio of 1.59, a current ratio of 2.25 and a debt-to-equity ratio of 3.32.
Neptune Wellness Solutions Inc, a health and wellness products company, engages in the extraction, purification, and formulation of value-added differentiated science based products. It develops turnkey nutrition product solutions in various delivery forms. The company offers specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.
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