SunTrust Banks Brokers Lower Earnings Estimates for Flamel Technologies S.A. (AVDL)

Flamel Technologies S.A. (NASDAQ:AVDL) – SunTrust Banks decreased their FY2017 earnings per share estimates for shares of Flamel Technologies in a report released on Monday. SunTrust Banks analyst J. Boris now expects that the brokerage will post earnings per share of $0.28 for the year, down from their previous estimate of $0.34.

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Separately, Zacks Investment Research lowered Flamel Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday.

Shares of Flamel Technologies (NASDAQ:AVDL) traded down 2.42% during trading on Wednesday, hitting $10.07. 97,447 shares of the company were exchanged. Flamel Technologies has a 1-year low of $7.56 and a 1-year high of $15.45. The company has a 50 day moving average of $10.51 and a 200-day moving average of $11.89. The stock has a market capitalization of $415.30 billion, a PE ratio of 16.24 and a beta of 1.45.

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