Oramed Pharmaceuticals (ORMP) Downgraded to Sell at ValuEngine

ValuEngine cut shares of Oramed Pharmaceuticals (NASDAQ:ORMP) from a hold rating to a sell rating in a research note published on Tuesday.

Separately, HC Wainwright reiterated a buy rating and set a $25.00 price objective on shares of Oramed Pharmaceuticals in a research report on Thursday, October 5th.

Oramed Pharmaceuticals (NASDAQ ORMP) traded down $0.77 during mid-day trading on Tuesday, reaching $7.94. 240,400 shares of the company were exchanged, compared to its average volume of 43,205. Oramed Pharmaceuticals has a twelve month low of $5.82 and a twelve month high of $11.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORMP. Wells Fargo & Company MN increased its position in Oramed Pharmaceuticals by 4.4% in the 2nd quarter. Wells Fargo & Company MN now owns 14,725 shares of the biotechnology company’s stock valued at $114,000 after acquiring an additional 625 shares during the period. Virtu KCG Holdings LLC acquired a new position in Oramed Pharmaceuticals in the 2nd quarter valued at approximately $125,000. Finally, Susquehanna International Group LLP acquired a new position in Oramed Pharmaceuticals in the 3rd quarter valued at approximately $185,000. Hedge funds and other institutional investors own 2.18% of the company’s stock.

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About Oramed Pharmaceuticals

Oramed Pharmaceuticals Inc (Oramed) is engaged in the field of oral delivery solutions for drugs and vaccines presently delivered via injection. Oramed’s flagship product, an orally ingestible insulin capsule in phase II clinical trials, is focused on the treatment of diabetes. The Company is developing orally ingestible protein oral delivery (POD) technology for the delivery of drugs presently administered by way of injection.

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