Neptune Wellness Solutions Inc logo

NEPT - Neptune Wellness Solutions Inc News Story

C$0.53 -0.0  -7.0%

Last Trade - 03/12/21

Sector
Healthcare
Size
Small Cap
Market Cap £56.0m
Enterprise Value £63.1m
Revenue £20.5m
Position in Universe 852nd / 2710

BUZZ-Neptune Wellness Solutions drops on wider loss, brokerage downgrade

Fri 16th July, 2021 1:28pm
** U.S. shares of Canadian wellness product manufacturer
 NEPT.O  slide 10.3% premarket, set to open at a 16-month low of
$0.96
    ** Co's Q4 loss widens and revenue falls ~30% from a year
earlier  urn:newsml:reuters.com:*:nASA02E34
    ** Desjardins downgrades Canadian shares to "hold" from
"buy", slashes PT by over 70% to C$1.10; median PT is C$2.50 as
per Refinitiv data
    ** Brokerage had expected qtrly rev of C$13.2 mln vs co's
reported C$6.8 mln; cites the "bad Q4 miss" on NEPT failing to
capitalize on the need for PPE during the COVID-19 pandemic 
    ** "We now view Neptune as a show-me story" - Desjardins 
    ** Shares set for the biggest drop in six months
    ** As of last close, Nasdaq-listing down 31% YTD 

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))
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