Pain Therapeutics Inc. (NASDAQ:PTIE) down by 48.87%, Plug Power Inc (NASDAQ:PLUG)

Posted by Michael Korte May 10, 2013 0 Comment 1084 views


Hartford, CT 05/10/2013 (GDPInsider) – Pain Therapeutics, Inc. (NASDAQ:PTIE) is down by about 48.87% after hitting a high of $2.84 during the day, and is now hovering at $2.72. The traded volumes during the day were higher than the average volume of 0.287 million, and the current trading volume is more than 3.26 million. The beta of the stock is 0.56. With a book value per share of about 0.29 the price to book value ratio of the Pain is close to 18.34 which is quite decent. The investors can get a clue about the stock’s performance from the investors holding in the company’s share which is close to 9.54% as of May 10, at the same time the institutional investors are holding about 66.11% in the company’s stock. The net profit margin over the trailing twelve months of the company is close to -39.33%. The analysts’ are expecting a price of $8.00 for the stock, thus we can expect the stock to rise further expect.

The company announced today that it has received a correspondence from Pfizer Inc. (NYSE:PFE). The company declared that it is in the process of re-evaluating the endorsement of the Remoxy program after the years of delay, added cost incurred in order to bring back the program at the current level and the development work left it the program.

Pain said its marketing partner Pfizer Inc. (NYSE:PFE), for painkiller Remoxy, has not yet decided on seeking a regulatory approval for its drug. DURECT Corporation (NASDAQ:DRRX) provides the technology which is used in Remoxy.

Is PTIE a solid investment at these levels? Get valuable updates and exclusive insights here.

Plug Power Inc (NASDAQ:PLUG) is up by about 3.52% after hitting a high of $0.28 during the day, and is now hovering at $0.259. The traded volumes during the day were lower than the average volume of 1.43 million, and the current trading volume is more than 1.15 million. The beta of the stock is 1.08. With a book value per share of about 0.60 the price to book value ratio of the Plug is close to 0.42 which is weak. The investors can get a clue about the stock’s performance from the investors holding in the company’s share which is close to 0.88% as of May 10, at the same time the institutional investors are holding about 32.15% in the company’s stock. The net profit margin over the trailing twelve months of the company is close to -95.33%. The analysts’ are expecting a price of $0.60 for the stock, thus we can expect the stock to rise further expect.

How Should Investors Trade PLUG Now? Get the latest trends and data here.

Disclosure:

WallStreetAnalyzed.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetAnalyzed.com website, for complete risks and disclosures.


About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

View all post by Michael Korte Visit author's website

Write Your Comment