Rockwell Medical Rating Reiterated by Oppenheimer (RMTI) - Dakota Financial News PDF Print

Rockwell Medical (NASDAQ:RMTI)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a research note issued on Saturday, Analyst Ratings.Net reports. They currently have a $26.00 price objective on the stock. Oppenheimer’s target price points to a potential upside of 125.11% from the stock’s current price.

Rockwell Medical (NASDAQ:RMTI) opened at 11.55 on Friday. The stock’s 50 day moving average is $14.90 and its 200-day moving average is $12.18. The company’s market capitalization is $580.06 million. Rockwell Medical has a 1-year low of $8.10 and a 1-year high of $18.90.

Rockwell Medical (NASDAQ:RMTI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.05. The firm had revenue of $12.96 million for the quarter, compared to analysts’ expectations of $11.84 million. During the same quarter in the previous year, the company posted ($0.08) EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that Rockwell Medical will post ($0.08) earnings per share for the current fiscal year.

Other equities analysts also recently issued research reports about the stock. TheStreet raised shares of Rockwell Medical from a “sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Brean Capital reaffirmed a “sell” rating and set a $4.00 price target on shares of Rockwell Medical in a research note on Friday, August 7th. Zacks cut shares of Rockwell Medical from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Morgan Stanley began coverage on shares of Rockwell Medical in a report on Thursday, August 13th. They issued an “underweight” rating and a $7.00 price target on the stock. Finally, Bank of America reiterated a “neutral” rating and set a $18.00 price objective on shares of Rockwell Medical in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.00.

In other news, VP Raymond Dennis Pratt purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $11.54 per share, with a total value of $57,700.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert L. Chioini purchased 5,090 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $11.51 per share, with a total value of $58,585.90. The disclosure for this purchase can be found here.

Rockwell Medical, Inc. (NASDAQ:RMTI) is a biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with products and services for the treatment of iron deficiency, secondary hyperparathyroidism and hemodialysis. The Company’s lead branded drug, Triferic is approved by the United States Food and Drug Administration (FDA). Triferic is an iron compound that is delivered to hemodialysis patients via dialysate, replacing the iron loss that occurs during their dialysis treatment. Triferic enters the blood and immediately binds to transferrin and is transported to the erythroid precursor cells to be incorporated into hemoglobin. Rockwell’s generic drug, Calcitriol, is indicated for treating secondary hyperparathyroidism in dialysis patients. The Company manufactures, sells, delivers and distributes hemodialysis concentrates, along with a range of ancillary products.image

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