Palatin Technologies (NYSEAMERICAN:PTN) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Palatin Technologies, Inc. (NYSEAMERICAN:PTNGet Score) shares passed earlier mentioned its 200-day moving typical all through trading on Wednesday . The stock has a 200-working day going ordinary of $.00 and traded as higher as $.29. Palatin Technologies shares previous traded at $.27, with a quantity of 1,519,047 shares investing arms.

Independently, HC Wainwright reaffirmed a “buy” score and issued a $5.00 goal rate on shares of Palatin Technologies in a exploration take note on Tuesday, March 8th.

The enterprise has a current market capitalization of $62.79 million, a P/E ratio of -1.81 and a beta of .79.

Palatin Systems (NYSEAMERICAN:PTNGet Rating) final posted its quarterly earnings results on Tuesday, Might 17th. The biopharmaceutical company documented ($.03) EPS for the quarter, hitting the consensus estimate of ($.03). The organization had profits of $.22 million for the quarter, in comparison to analysts’ anticipations of $.58 million. Throughout the exact period of time final yr, the small business posted ($.02) earnings for each share. Analysts anticipate that Palatin Systems, Inc. will write-up -.13 EPS for the current fiscal yr.

Numerous institutional investors have just lately modified their holdings of PTN. Commonwealth Equity Providers LLC grew its holdings in shares of Palatin Systems by 104.1% in the fourth quarter. Commonwealth Fairness Products and services LLC now owns 119,745 shares of the biopharmaceutical company’s inventory value $61,000 just after obtaining an additional 61,080 shares for the duration of the previous quarter. Qube Exploration & Systems Ltd purchased a new placement in shares of Palatin Technologies in the fourth quarter well worth roughly $29,000. Connective Portfolio Management LLC purchased a new placement in shares of Palatin Systems in the to start with quarter truly worth somewhere around $1,422,000. Vanguard Group Inc. grew its holdings in shares of Palatin Systems by .5% in the first quarter. Vanguard Group Inc. now owns 9,559,564 shares of the biopharmaceutical company’s stock truly worth $4,398,000 right after acquiring an additional 48,812 shares all through the final quarter. Eventually, Condition Street Corp grew its holdings in shares of Palatin Systems by 8.2% in the initial quarter. State Street Corp now owns 757,455 shares of the biopharmaceutical company’s inventory worth $349,000 after obtaining an added 57,440 shares all through the previous quarter. Hedge cash and other institutional investors individual 8.79% of the company’s inventory.

About Palatin Systems (NYSEAMERICAN:PTN)

Palatin Technologies, Inc, a biopharmaceutical company, develops qualified receptor-specific therapeutics for the remedy of many ailments in the United States. The firm’s direct product or service is Vyleesi, a melanocortin receptor (MCr) agonist for the cure of premenopausal females with hypoactive sexual want condition.

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