Zacks Investment Research Upgrades Redhill Biopharma Ltd. (RDHL) to Hold

RedHill Biopharma Ltd., launched on August 3, 2009, is a biopharmaceutical company. FBR & Co reissued an "outperform" rating and issued a $25.00 price target (down from $36.00) on shares of RedHill Biopharma Ltd - in a research note on Friday, February 24th. Finally, UBS AG initiated coverage on Redhill Biopharma in a research note on Wednesday, September 13th. The consensus rating is 3, suggesting the market has given up on the stock.

Based on the latest brokerage notes which have been released to investors, 0 brokers have issued a rating of "strong buy", 3 brokers "buy", 0 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell".

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The share price of the company (RDHL) was up +10.56%, with a high of 10.10 during the day and the volume of Redhill Biopharma Ltd. shares traded was 228773. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Current price places the company's stock -27.61% away from its 200-day simple moving average, -15.48%, away from the 50-day average and also -4.6% away from 20-day average. The firm's market capitalization is $185.53 million. RedHill Biopharma Ltd - has a 52-week low of $8.77 and a 52-week high of $16.54.

Shares of Redhill Biopharma (NASDAQ:RDHL) opened at 9.46 on Wednesday.

As of the latest earnings report the EPS was $-2.46 and is expected to be $-2.36 for the current year with 17,163,000 shares now outstanding. The business had revenue of $0.48 million during the quarter, compared to analysts' expectations of $0.34 million. Equities analysts forecast that Redhill Biopharma will post ($2.36) EPS for the current fiscal year. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark laws. If you are viewing this story on another domain, it was stolen and republished in violation of United States and worldwide copyright law.

Current levels places RedHill Biopharma Ltd. (NASDAQ:RDHL)'s stock about -1.28% from the 50-day high and 32.20% away from the 50-day low. Investors might also notice that three month ago the Buy recommendations (3) outnumbered Sell recommendations (0). Family Management Corp lifted its stake in shares of Redhill Biopharma by 51.5% in the 2nd quarter. Family Management Corp claims 25,750 shares worth $222,000. Oppenheimer & Co. Inc. raised its position in shares of Redhill Biopharma by 10.8% during the second quarter. Oppenheimer & Co. Inc. now owns 25,569 shares of the biotechnology company's stock worth $220,000 after acquiring an additional 2,500 shares during the period. Bank of New York Mellon Corp acquired a new stake in Redhill Biopharma during the 1st quarter worth approximately $101,000. Bank of New York Mellon Corp now owns 12,005 shares of the biotechnology company's stock valued at $103,000 after acquiring an additional 1,440 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Redhill Biopharma during the first quarter worth $276,000.

Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company.

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