Amarin Co. plc (NASDAQ:AMRN) had its price objective cut by Roth Capital from $15.00 to $5.00 in a report released on Thursday, AR Network reports. Roth Capital currently has a buy rating on the stock.
Amarin Co. plc (NASDAQ:AMRN) opened at 2.03 on Thursday. Amarin Co. plc has a 52 week low of $1.85 and a 52 week high of $12.96. The stock has a 50-day moving average of $6.23 and a 200-day moving average of $6.35. The company’s market cap is $350.4 million.
Amarin Co. plc (NASDAQ:AMRN) last announced its earnings results on Thursday, August 8th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.38) by $0.12. The company had revenue of $5.50 million for the quarter. Analysts expect that Amarin Co. plc will post $-1.34 EPS for the current fiscal year.
A number of other firms have also recently commented on AMRN. Analysts at MKM Partners cut their price target on shares of Amarin Co. plc from $9.00 to $5.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at HC Wainwright downgraded shares of Amarin Co. plc from a buy rating to a neutral rating in a research note to investors on Thursday. Finally, analysts at Canaccord Genuity downgraded shares of Amarin Co. plc from a buy rating to a hold rating in a research note to investors on Thursday. They now have a $3.00 price target on the stock, down previously from $10.00. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $8.88.
Amarin Corporation plc (NASDAQ:AMRN) is a late-stage biopharmaceutical -company with expertise in lipid science focused on the treatment of cardiovascular disease.
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