Adamis Pharma (ADMP) Gets a Hold Rating from Raymond James

In a report released today, Elliot Wilbur from Raymond James maintained a Hold rating on Adamis Pharma (ADMPResearch Report). The company’s shares closed last Monday at $1.35.

According to TipRanks.com, Wilbur is a 1-star analyst with an average return of -0.5% and a 47.4% success rate. Wilbur covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Amneal Pharmaceuticals, and Flexion Therapeutics.

The the analyst consensus on Adamis Pharma is currently a Hold rating.

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Adamis Pharma’s market cap is currently $193.6M and has a P/E ratio of -2.80. The company has a Price to Book ratio of 14.33.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADMP in relation to earlier this year.

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Adamis Pharmaceuticals Corp. is a biopharmaceutical company, which engages in the discovery, development and sales of pharmaceutical, specialty biopharmaceutical and other drug products. It offers Symjepi product for allergy, respiratory, opioid overdose, and erectile dysfunction (ED), markets. The company was founded in June 2006 and is headquartered in San Diego, CA.