Neptune Wellness Solutions (NASDAQ:NEPT) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the biotechnology company’s stock.

Neptune Wellness Solutions Stock Performance

The firm has a market capitalization of $906,000.00, a PE ratio of 0.00 and a beta of 2.19. Neptune Wellness Solutions has a 12-month low of $0.19 and a 12-month high of $28.00. The company’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $3.12.

Insider Activity at Neptune Wellness Solutions

In related news, major shareholder Securities Settlement Neptune sold 64,819 shares of Neptune Wellness Solutions stock in a transaction on Friday, March 1st. The stock was sold at an average price of $0.44, for a total transaction of $28,520.36. Following the completion of the sale, the insider now owns 1,738,116 shares of the company’s stock, valued at $764,771.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Trading of Neptune Wellness Solutions

A number of institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Neptune Wellness Solutions by 26,898.7% in the fourth quarter. Morgan Stanley now owns 544,833 shares of the biotechnology company’s stock worth $172,000 after buying an additional 542,815 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Neptune Wellness Solutions by 257.6% in the first quarter. Virtu Financial LLC now owns 554,376 shares of the biotechnology company’s stock worth $123,000 after buying an additional 399,362 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Neptune Wellness Solutions in the first quarter worth about $41,000. Citadel Advisors LLC acquired a new stake in shares of Neptune Wellness Solutions in the third quarter worth about $43,000. Finally, Renaissance Technologies LLC lifted its position in shares of Neptune Wellness Solutions by 12.6% in the third quarter. Renaissance Technologies LLC now owns 128,684 shares of the biotechnology company’s stock worth $196,000 after buying an additional 14,395 shares during the last quarter. Institutional investors and hedge funds own 14.44% of the company’s stock.

About Neptune Wellness Solutions

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.