Recro Pharma (REPH) Hits New 12-Month High at $9.93

Recro Pharma, Inc. (NASDAQ:REPH) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $9.93 and last traded at $9.64, with a volume of 225200 shares traded. The stock had previously closed at $9.68.

Several research analysts recently issued reports on REPH shares. Zacks Investment Research upgraded shares of Recro Pharma from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, August 16th. Piper Jaffray Companies restated a “buy” rating and set a $11.00 price target on shares of Recro Pharma in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.65.

The company has a current ratio of 1.59, a quick ratio of 1.35 and a debt-to-equity ratio of 0.50.

In other Recro Pharma news, major shareholder Healthcare Master Fun Broadfin sold 102,440 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $9.50, for a total transaction of $973,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 544,813 shares of company stock valued at $5,191,579. Company insiders own 21.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in Recro Pharma during the first quarter valued at about $156,000. KCG Holdings Inc. bought a new position in shares of Recro Pharma during the first quarter valued at about $173,000. JPMorgan Chase & Co. raised its stake in shares of Recro Pharma by 183.4% during the third quarter. JPMorgan Chase & Co. now owns 21,784 shares of the specialty pharmaceutical company’s stock valued at $197,000 after acquiring an additional 14,098 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Recro Pharma by 76.9% during the second quarter. Janney Montgomery Scott LLC now owns 22,085 shares of the specialty pharmaceutical company’s stock valued at $155,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Teachers Advisors LLC bought a new position in shares of Recro Pharma during the second quarter valued at about $162,000. Institutional investors and hedge funds own 61.55% of the company’s stock.

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Recro Pharma Company Profile

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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