Lowering The 52 Week Low, Oramed Pharmaceuticals, Inc. (Nasdaq:ORMP) Closing At $4.78

Oramed Pharmaceuticals, Inc. (Nasdaq:ORMP)

August 11th, 2018

Amidst falling markets Oramed Pharmaceuticals, Inc. finished Monday’s trading session down 2.25%, a $0.11 decrease to close on $4.78. As well as the drop in value, Oramed Pharmaceuticals, Inc. hit a new 52 week low of $4.70. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -0.35.

ORMP was outperformed by the rest of the Healthcare sector which went down just 0.39%.

Oramed Pharmaceuticals, Inc. Info

Oramed Pharmaceuticals Inc. engages in the research and development of pharmaceutical solutions for the use of orally ingestible capsules or pills for delivery of polypeptides. Its product portfolio includes ORMD-0801, an oral insulin capsule, which has completed Phase IIb clinical trials for the treatment of diabetes; and ORMD-0901, an analog for GLP-1 gastrointestinal hormone, which has completed Phase Ib clinical trials for the treatment of type 2 diabetes. The company operates primarily in Israel. The company was formerly known as Integrated Security Technologies, Inc. and changed its name to Oramed Pharmaceuticals Inc. in April 2006. Oramed Pharmaceuticals Inc. was founded in 2002 and is based in Jerusalem, Israel.

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 Oramed Pharmaceuticals, Inc.’s score is -0.35) 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.

ORMP daily update
ORMP daily update

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