StockNews.com initiated coverage on shares of Acorda Therapeutics (NASDAQ:ACOR – Get Rating) in a research note released on Sunday. The brokerage issued a hold rating on the biopharmaceutical company's stock.
Acorda Therapeutics Price Performance
ACOR stock opened at $0.31 on Friday. Acorda Therapeutics has a 1 year low of $0.28 and a 1 year high of $4.99. The company has a market cap of $7.53 million, a P/E ratio of -0.03 and a beta of 0.45. The firm has a 50-day moving average of $0.43 and a 200 day moving average of $0.83. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.86 and a quick ratio of 1.49.
Get Acorda Therapeutics alerts:Acorda Therapeutics (NASDAQ:ACOR – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The biopharmaceutical company reported ($2.78) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by ($2.42). Acorda Therapeutics had a negative return on equity of 90.29% and a negative net margin of 98.25%. The company had revenue of $31.05 million during the quarter.
Hedge Funds Weigh In On Acorda Therapeutics
A number of institutional investors and hedge funds have recently made changes to their positions in ACOR. Renaissance Technologies LLC increased its stake in shares of Acorda Therapeutics by 27.4% during the second quarter. Renaissance Technologies LLC now owns 901,318 shares of the biopharmaceutical company's stock valued at $420,000 after purchasing an additional 194,100 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Acorda Therapeutics during the second quarter valued at approximately $68,000. Millennium Management LLC increased its stake in shares of Acorda Therapeutics by 661.2% during the second quarter. Millennium Management LLC now owns 311,509 shares of the biopharmaceutical company's stock valued at $145,000 after purchasing an additional 270,588 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Acorda Therapeutics during the second quarter valued at approximately $28,000. Institutional investors own 50.24% of the company's stock.About Acorda Therapeutics
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Acorda Therapeutics, Inc, a biopharmaceutical company, develops and commercializes therapies for neurological disorders in the United States. The company markets Ampyra (dalfampridine), an oral drug to improve walking in patients with multiple sclerosis (MS); and Inbrija for the treatment of OFF periods in Parkinson's disease in Europe.
Further Reading
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