DiaMedica Therapeutics (NASDAQ:DMAC) Rating Increased to Hold at Zacks Investment Research

DiaMedica Therapeutics (NASDAQ:DMAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “DiaMedica Therapeutics Inc. is a biopharmaceutical company. It engages in the development of novel recombinant proteins and monoclonal antibodies. The companys lead product principally consists DM199, a recombinant human tissue kallikrein-1 protein. It operates primarily in the United States and Canada. DiaMedica Therapeutics Inc. is headquartered in Minneapolis, Minnesota. “

NASDAQ DMAC traded down $0.03 on Wednesday, reaching $2.82. 18,100 shares of the company were exchanged, compared to its average volume of 62,685. The business’s fifty day moving average price is $3.05 and its 200 day moving average price is $3.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.97 and a current ratio of 8.97. DiaMedica Therapeutics has a fifty-two week low of $1.70 and a fifty-two week high of $5.93.

DiaMedica Therapeutics (NASDAQ:DMAC) last released its quarterly earnings data on Wednesday, November 13th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). On average, research analysts anticipate that DiaMedica Therapeutics will post -0.93 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in DiaMedica Therapeutics during the second quarter worth $170,000. Granite Point Capital Management L.P. acquired a new position in shares of DiaMedica Therapeutics in the 2nd quarter valued at $1,141,000. BlackRock Inc. lifted its stake in shares of DiaMedica Therapeutics by 159.7% in the 2nd quarter. BlackRock Inc. now owns 27,075 shares of the company’s stock valued at $134,000 after purchasing an additional 16,651 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of DiaMedica Therapeutics in the 3rd quarter valued at $27,000. Finally, Worth Venture Partners LLC lifted its stake in shares of DiaMedica Therapeutics by 10.6% in the 2nd quarter. Worth Venture Partners LLC now owns 132,514 shares of the company’s stock valued at $657,000 after purchasing an additional 12,651 shares during the last quarter. 8.01% of the stock is currently owned by institutional investors.

DiaMedica Therapeutics Company Profile

DiaMedica Therapeutics Inc, a clinical-stage biopharmaceutical company, engages in the development of treatments for neurological and kidney diseases. The company's lead product is DM199, a recombinant human tissue kallikrein-1 protein, which is in Phase II clinical trials for the treatment of acute ischemic stroke and kidney injury indications.

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