(Nasdaq:ANTH) Anthera Pharmaceuticals Inc Closed Today On 52 Week Low Note

Anthera Pharmaceuticals Inc (Nasdaq:ANTH)

June 27th, 2018

Amidst falling markets Anthera Pharmaceuticals Inc finished Wednesday’s trading session down 56.66%, a $0.15 decrease to close on $0.12. Sadly, in addition to dropping ANTH ended up closing the day at a new 52 week low.In addition to the drop in value, Anthera Pharmaceuticals Inc hit a new 52 week low of $0.12. Two technical ‘scores’ for stocks to be aware of are the Altman Z1 and the Piotroski2 scores. ANTH scored rather low for both, which could be indicators of trouble down the road (the Altman Z-Score is -82.77, and the Piotroski Score is 2). Despite the drop in value, trading volumes were solid at 1,097% of normal which can indicate investor opportunities.

ANTH was outperformed by the rest of the Healthcare sector which went down just 0.92%.

Anthera Pharmaceuticals Inc Info

Anthera Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of medicines for patients with unmet medical needs. It develops Sollpura, a non-porcine investigational pancreatic enzyme replacement therapy that is in Phase III clinical trial for the treatment of patients with exocrine pancreatic insufficiency; and Blisibimod, which is in Phase II clinical trial for the treatment of B-cell mediated autoimmune diseases, including immunoglobulin A nephropathy or IgA nephropathy. The company has license agreements with Amgen, Inc., and Eli Lilly and Company. Anthera Pharmaceuticals, Inc. was founded in 2004 and is headquartered in Hayward, California.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Anthera Pharmaceuticals Inc’s score is -82.77) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Anthera Pharmaceuticals Inc’s score is ), and 9 is the best.

ANTH daily update
ANTH daily update

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