Begins Coverage on Neptune Wellness Solutions (NASDAQ:NEPT) started coverage on shares of Neptune Wellness Solutions (NASDAQ:NEPTGet Rating) (TSE:NTB) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the biotechnology company’s stock.

Separately, Zacks Investment Research downgraded Neptune Wellness Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

Shares of NASDAQ NEPT opened at $0.15 on Friday. Neptune Wellness Solutions has a one year low of $0.13 and a one year high of $1.49. The firm has a market capitalization of $28.46 million, a PE ratio of -0.25 and a beta of 2.07. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $0.20 and a two-hundred day moving average price of $0.33.

A number of institutional investors have recently bought and sold shares of NEPT. Banco BTG Pactual S.A. acquired a new position in shares of Neptune Wellness Solutions during the first quarter valued at $28,000. Virtu Financial LLC bought a new stake in Neptune Wellness Solutions in the fourth quarter valued at about $64,000. Natixis bought a new stake in shares of Neptune Wellness Solutions in the third quarter worth about $69,000. Morgan Stanley increased its holdings in shares of Neptune Wellness Solutions by 31.8% in the second quarter. Morgan Stanley now owns 141,269 shares of the biotechnology company’s stock worth $166,000 after acquiring an additional 34,123 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Neptune Wellness Solutions in the fourth quarter worth about $184,000. 8.89% of the stock is currently owned by institutional investors.

Neptune Wellness Solutions Company Profile (Get Rating)

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other 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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