BidaskClub upgraded shares of BioScrip (NASDAQ:BIOS) from a hold rating to a buy rating in a research report report published on Thursday.
A number of other brokerages have also issued reports on BIOS. SunTrust Banks set a $4.00 price objective on shares of BioScrip and gave the company a buy rating in a report on Thursday, December 21st. ValuEngine raised shares of BioScrip from a sell rating to a hold rating in a report on Thursday, November 30th. Finally, Zacks Investment Research lowered shares of BioScrip from a hold rating to a sell rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $3.63.
Shares of BioScrip (NASDAQ:BIOS) traded up $0.04 on Thursday, reaching $3.00. 423,300 shares of the company’s stock were exchanged, compared to its average volume of 574,775. The company has a debt-to-equity ratio of -6.11, a quick ratio of 1.60 and a current ratio of 1.91. BioScrip has a twelve month low of $1.21 and a twelve month high of $3.39. The stock has a market cap of $382.55, a price-to-earnings ratio of -4.41 and a beta of 0.27.
In other BioScrip news, CEO Daniel E. Greenleaf bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $2.03 per share, with a total value of $30,450.00. Following the completion of the acquisition, the chief executive officer now owns 31,000 shares in the company, valued at approximately $62,930. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of BioScrip in the third quarter valued at $114,000. Captrust Financial Advisors purchased a new position in BioScrip during the second quarter worth $123,000. Voya Investment Management LLC boosted its stake in BioScrip by 41.4% during the second quarter. Voya Investment Management LLC now owns 50,799 shares of the company’s stock worth $138,000 after buying an additional 14,867 shares during the period. Highbridge Capital Management LLC purchased a new position in BioScrip during the third quarter worth $153,000. Finally, Skylands Capital LLC purchased a new position in BioScrip during the third quarter worth $272,000. 84.63% of the stock is owned by hedge funds and other institutional investors.
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BioScrip, Inc is engaged in providing infusion solutions. The Company partners with physicians, hospital systems, skilled nursing facilities, healthcare payors and pharmaceutical manufacturers to provide patients access to post-acute care services. The Company operates through Infusion Services segment.
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