Aytu BioPharma (NASDAQ:AYTU) Share Price Passes Below Fifty Day Moving Average of $0.57

Aytu BioPharma, Inc. (NASDAQ:AYTU – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.57 and traded as low as $0.52. Aytu BioPharma shares last traded at $0.56, with a volume of 321,899 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. HC Wainwright cut their target price on shares of Aytu BioPharma from $11.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. Cantor Fitzgerald lowered their price target on shares of Aytu BioPharma from $11.00 to $5.00 in a report on Tuesday, May 17th.

Aytu BioPharma Stock Up 6.2 %

The business’s 50 day moving average is $0.57 and its 200 day moving average is $0.84. The company has a market capitalization of $21.60 million, a price-to-earnings ratio of -0.14 and a beta of -0.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.80 and a current ratio of 0.97.

Aytu BioPharma (NASDAQ:AYTU – Get Rating) last released its earnings results on Monday, May 16th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. The company had revenue of $24.20 million during the quarter, compared to analysts’ expectations of $24.20 million. Aytu BioPharma had a negative net margin of 120.24% and a negative return on equity of 41.97%. Sell-side analysts anticipate that Aytu BioPharma, Inc. will post -1.05 earnings per share for the current year.

Institutional Trading of Aytu BioPharma

A hedge fund recently raised its stake in Aytu BioPharma stock. Renaissance Technologies LLC raised its holdings in shares of Aytu BioPharma, Inc. (NASDAQ:AYTU – Get Rating) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 765,469 shares of the company’s stock after acquiring an additional 100,400 shares during the period. Renaissance Technologies LLC owned approximately 2.29% of Aytu BioPharma worth $827,000 at the end of the most recent quarter. 11.47% of the stock is owned by institutional investors.

About Aytu BioPharma

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Aytu Biopharma, Inc, a specialty pharmaceutical company, focuses on developing and commercializing novel therapeutics and consumer healthcare products the United States and internationally. The company offers Adzenys XR-ODT for the treatment of attention deficit hyperactivity disorder (ADHD) in patients from 6 years and older; Cotempla XR-ODT for the treatment of ADHD in patients from 6 to 17 years old; and Adzenys ER, an oral suspension for the treatment of ADHD in patients from 6 years and older.