Trading Report: The Alliqua Inc. (ALQA) Earns “Buy” Rating from HC Wainwright

The Alliqua Inc. (ALQA) Earns “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Alliqua Inc. (NASDAQ:ALQA) in a report released on Friday morning.

A number of other equities analysts also recently weighed in on ALQA. Chardan Capital reaffirmed a buy rating on shares of Alliqua in a research note on Sunday, July 10th. Zacks Investment Research raised shares of Alliqua from a hold rating to a buy rating and set a $1.25 target price for the company in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Alliqua presently has a consensus rating of Buy and an average price target of $2.50.

Alliqua (NASDAQ:ALQA) opened at 0.82 on Friday. The firm’s market cap is $24.33 million. The company has a 50-day moving average of $0.89 and a 200-day moving average of $1.00. Alliqua has a 1-year low of $0.70 and a 1-year high of $3.82.

Alliqua (NASDAQ:ALQA) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.32. The firm had revenue of $5.50 million for the quarter, compared to analyst estimates of $5.38 million. Alliqua had a negative net margin of 73.41% and a negative return on equity of 53.07%. Analysts predict that Alliqua will post ($0.72) earnings per share for the current year.

Several large investors have recently bought and sold shares of ALQA. Suffolk Capital Management LLC increased its stake in Alliqua by 18.0% in the second quarter. Suffolk Capital Management LLC now owns 1,206,127 shares of the company’s stock worth $1,351,000 after buying an additional 184,274 shares during the period. Renaissance Technologies LLC increased its stake in Alliqua by 589.0% in the first quarter. Renaissance Technologies LLC now owns 137,800 shares of the company’s stock worth $113,000 after buying an additional 117,800 shares during the period. US Bancorp DE increased its stake in Alliqua by 29.8% in the second quarter. US Bancorp DE now owns 181,732 shares of the company’s stock worth $204,000 after buying an additional 41,732 shares during the period. Finally, Vanguard Group Inc. increased its stake in Alliqua by 1.1% in the second quarter. Vanguard Group Inc. now owns 524,296 shares of the company’s stock worth $587,000 after buying an additional 5,780 shares during the period. 29.89% of the stock is owned by institutional investors and hedge funds.

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