HC Wainwright Reaffirms Buy Rating for Galmed Pharmaceuticals (NASDAQ:GLMD)

Galmed Pharmaceuticals (NASDAQ:GLMD)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research note issued to investors on Friday, November 10th. They presently have a $18.00 price objective on the biopharmaceutical company’s stock. HC Wainwright’s price objective suggests a potential upside of 126.13% from the company’s previous close.

Several other equities analysts have also commented on GLMD. Maxim Group reiterated a “buy” rating and set a $14.00 price objective (up from $9.00) on shares of Galmed Pharmaceuticals in a research report on Monday, July 31st. Zacks Investment Research upgraded Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, August 2nd. Finally, Seaport Global Securities restated a “buy” rating and set a $19.00 price target on shares of Galmed Pharmaceuticals in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Galmed Pharmaceuticals presently has an average rating of “Buy” and a consensus price target of $18.30.

Galmed Pharmaceuticals (NASDAQ:GLMD) traded up $0.18 during trading hours on Friday, hitting $7.96. The company’s stock had a trading volume of 63,000 shares, compared to its average volume of 35,255. Galmed Pharmaceuticals has a 1 year low of $3.04 and a 1 year high of $9.59.

An institutional investor recently bought a new position in Galmed Pharmaceuticals stock. KCG Holdings Inc. bought a new stake in Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,473 shares of the biopharmaceutical company’s stock, valued at approximately $100,000. KCG Holdings Inc. owned 0.17% of Galmed Pharmaceuticals as of its most recent SEC filing. Institutional investors own 9.85% of the company’s stock.

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Galmed Pharmaceuticals Company Profile

Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.

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