Kamada (NASDAQ:KMDA) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Kamada (NASDAQ:KMDAGet Rating) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the biotechnology company’s stock.

Separately, Zacks Investment Research cut shares of Kamada from a buy rating to a hold rating in a research report on Friday, May 6th.

NASDAQ KMDA opened at $4.58 on Friday. The business has a 50 day simple moving average of $5.35 and a two-hundred day simple moving average of $5.87. Kamada has a 1-year low of $4.46 and a 1-year high of $6.96. The stock has a market capitalization of $203.90 million, a PE ratio of -30.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.75 and a quick ratio of 1.16.

Kamada (NASDAQ:KMDAGet Rating) last announced its earnings results on Tuesday, May 17th. The biotechnology company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.07). Kamada had a negative net margin of 6.31% and a negative return on equity of 3.44%. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts anticipate that Kamada will post 0.14 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Kamada by 151.1% in the first quarter. Goldman Sachs Group Inc. now owns 37,518 shares of the biotechnology company’s stock valued at $208,000 after buying an additional 22,576 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kamada by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 779,451 shares of the biotechnology company’s stock valued at $4,302,000 after purchasing an additional 23,768 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Kamada by 32.5% in the first quarter. Dimensional Fund Advisors LP now owns 68,889 shares of the biotechnology company’s stock valued at $380,000 after buying an additional 16,886 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Kamada by 7.2% during the first quarter. Acadian Asset Management LLC now owns 877,798 shares of the biotechnology company’s stock worth $4,886,000 after purchasing an additional 58,866 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Kamada by 2,620.0% during the 1st quarter. Citigroup Inc. now owns 36,938 shares of the biotechnology company’s stock worth $206,000 after buying an additional 35,580 shares during the last quarter.

About Kamada (Get Rating)

Kamada Ltd. is a biopharmaceutical company, which focuses on specialty plasma-derived therapeutic. It operates through the Proprietary Products and Distribution segments. The Proprietary Products segment covers the development, manufacture, and sale of plasma-derived protein therapeutics products. The Distribution segment covers the drug products in Israel, which are manufactured by third parties.

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