Aralez Pharmaceuticals (ARLZ) Shares Gap Up to $1.41

Aralez Pharmaceuticals Inc. (NASDAQ:ARLZ)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.38, but opened at $1.41. Aralez Pharmaceuticals shares last traded at $1.48, with a volume of 2244400 shares traded.

The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 4.64.

Aralez Pharmaceuticals (NASDAQ:ARLZ) last issued its earnings results on Thursday, November 9th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $24.30 million during the quarter, compared to the consensus estimate of $22.87 million. Aralez Pharmaceuticals had a negative net margin of 112.89% and a negative return on equity of 118.13%. The company’s revenue was up 78.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. equities analysts anticipate that Aralez Pharmaceuticals Inc. will post -1.54 EPS for the current year.

In other news, Director Arthur S. Kirsch bought 50,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $1.47 per share, for a total transaction of $73,500.00. Following the completion of the purchase, the director now owns 271,609 shares in the company, valued at approximately $399,265.23. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Aralez Pharmaceuticals by 0.3% during the first quarter. Goldman Sachs Group Inc. now owns 121,494 shares of the company’s stock worth $260,000 after purchasing an additional 354 shares in the last quarter. Isthmus Partners LLC grew its stake in shares of Aralez Pharmaceuticals by 0.8% during the second quarter. Isthmus Partners LLC now owns 154,387 shares of the company’s stock worth $208,000 after purchasing an additional 1,285 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Aralez Pharmaceuticals by 166.7% during the third quarter. Ballentine Partners LLC now owns 80,000 shares of the company’s stock worth $183,000 after purchasing an additional 50,000 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Aralez Pharmaceuticals by 71.3% in the third quarter. Wells Fargo & Company MN now owns 273,130 shares of the company’s stock valued at $625,000 after acquiring an additional 113,720 shares in the last quarter. Finally, Brown Advisory Securities LLC acquired a new position in Aralez Pharmaceuticals in the third quarter valued at $394,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

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Aralez Pharmaceuticals Company Profile

Aralez Pharmaceuticals Inc is a Canada-based specialty pharmaceutical company. The Company focuses on acquiring, developing and commercializing products in cardiovascular, pain and other areas. The Company’s products include Fibricor, Cambia, Fiorinal, Fiorinal C, Soriatane, Bezalip SR, NeoVisc, Uracyst, Durela, Proferrin, Resultz and Collatamp G.

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