Maxim Group lowered shares of Sucampo Pharmaceuticals (NASDAQ:SCMP) from a buy rating to a hold rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Sucampo Pharmaceuticals from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Tuesday, October 17th. UBS Group lowered their target price on Sucampo Pharmaceuticals from $19.00 to $15.00 and set a buy rating for the company in a research note on Thursday, October 12th. B. Riley boosted their target price on Sucampo Pharmaceuticals from $14.00 to $18.00 and gave the company a buy rating in a research note on Wednesday, December 6th. BidaskClub raised Sucampo Pharmaceuticals from a hold rating to a buy rating in a research note on Tuesday, December 5th. Finally, ValuEngine raised Sucampo Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Sucampo Pharmaceuticals has a consensus rating of Buy and a consensus target price of $21.00.
Shares of Sucampo Pharmaceuticals (SCMP) opened at $17.95 on Tuesday. Sucampo Pharmaceuticals has a 52 week low of $9.30 and a 52 week high of $18.10. The company has a quick ratio of 4.46, a current ratio of 5.11 and a debt-to-equity ratio of 7.37. The firm has a market capitalization of $838.28, a PE ratio of -5.46, a PEG ratio of 5.35 and a beta of 1.47.
In other Sucampo Pharmaceuticals news, insider Peter A. Kiener sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $16.50, for a total transaction of $825,000.00. Following the completion of the transaction, the insider now owns 52,023 shares of the company’s stock, valued at approximately $858,379.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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 SCMP. JPMorgan Chase & Co. purchased a new position in shares of Sucampo Pharmaceuticals during the 2nd quarter worth approximately $117,000. Pinnacle Associates Ltd. purchased a new position in shares of Sucampo Pharmaceuticals during the 2nd quarter worth approximately $122,000. Trexquant Investment LP purchased a new position in shares of Sucampo Pharmaceuticals during the 3rd quarter worth approximately $122,000. SG Americas Securities LLC grew its holdings in shares of Sucampo Pharmaceuticals by 5.6% during the 2nd quarter. SG Americas Securities LLC now owns 11,977 shares of the biopharmaceutical company’s stock worth $126,000 after acquiring an additional 631 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of Sucampo Pharmaceuticals during the 3rd quarter worth approximately $127,000. 65.29% of the stock is owned by institutional investors and hedge funds.
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About Sucampo Pharmaceuticals
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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