Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) shares saw unusually-strong trading volume on Tuesday . Approximately 26,319,828 shares were traded during trading, an increase of 2,802% from the previous session’s volume of 906,852 shares.The stock last traded at $18.00 and had previously closed at $17.00.
Several equities research analysts have weighed in on SCMP shares. Zacks Investment Research raised Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, October 17th. UBS Group dropped their target price on Sucampo Pharmaceuticals from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Maxim Group set a $23.00 target price on Sucampo Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, December 7th. B. Riley raised their target price on Sucampo Pharmaceuticals from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, BidaskClub upgraded Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.00.
The company has a debt-to-equity ratio of 7.37, a current ratio of 5.11 and a quick ratio of 4.46. The firm has a market cap of $792.81, a price-to-earnings ratio of -5.47, a PEG ratio of 5.06 and a beta of 1.47.
In related news, insider Peter A. Kiener sold 50,000 shares of Sucampo Pharmaceuticals stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $16.50, for a total value of $825,000.00. Following the sale, the insider now directly owns 52,023 shares in the company, valued at approximately $858,379.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.13% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krensavage Asset Management LLC lifted its stake in Sucampo Pharmaceuticals by 0.6% in the 2nd quarter. Krensavage Asset Management LLC now owns 2,819,708 shares of the biopharmaceutical company’s stock worth $29,607,000 after purchasing an additional 16,570 shares in the last quarter. LSV Asset Management lifted its stake in Sucampo Pharmaceuticals by 1.9% in the 2nd quarter. LSV Asset Management now owns 2,390,418 shares of the biopharmaceutical company’s stock worth $25,099,000 after purchasing an additional 44,000 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Sucampo Pharmaceuticals in the 3rd quarter worth approximately $21,989,000. Vanguard Group Inc. lifted its stake in Sucampo Pharmaceuticals by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,646,348 shares of the biopharmaceutical company’s stock worth $17,287,000 after purchasing an additional 189,561 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Sucampo Pharmaceuticals by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,570,172 shares of the biopharmaceutical company’s stock worth $16,487,000 after purchasing an additional 15,528 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.
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Sucampo Pharmaceuticals Company Profile
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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