Amneal Pharmaceuticals (NASDAQ:AMRX) Cut to Hold at StockNews.com

StockNews.com lowered shares of Amneal Pharmaceuticals (NASDAQ:AMRXGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning.

NASDAQ:AMRX opened at $3.33 on Tuesday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 166.50, a P/E/G ratio of 0.18 and a beta of 1.17. The company has a debt-to-equity ratio of 6.65, a quick ratio of 1.52 and a current ratio of 2.31. The company has a 50 day moving average of $4.03. Amneal Pharmaceuticals has a 12-month low of $3.08 and a 12-month high of $6.21.

Amneal Pharmaceuticals (NASDAQ:AMRXGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Amneal Pharmaceuticals had a return on equity of 53.73% and a net margin of 0.08%. The business had revenue of $497.63 million for the quarter, compared to analyst estimates of $500.68 million. On average, analysts expect that Amneal Pharmaceuticals will post 0.75 earnings per share for the current fiscal year.

About Amneal Pharmaceuticals (Get Rating)

Amneal Pharmaceuticals, Inc, together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic and specialty pharmaceutical products for various dosage forms and therapeutic areas. The company operates through three segments: Generics, Specialty, and AvKARE. The Generics segment develops, manufactures, and commercializes complex oral solids, injectables, ophthalmics, liquids, topicals, softgels, inhalation products, and transdermals across a range of therapeutic categories.

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