United Services Automobile Association cut its stake in MediWound Ltd. (NASDAQ:MDWD) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,360 shares of the biopharmaceutical company’s stock after selling 4,930 shares during the period. United Services Automobile Association owned about 0.56% of MediWound worth $814,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN boosted its position in MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock valued at $351,000 after buying an additional 8,745 shares during the last quarter. 27.32% of the stock is currently owned by institutional investors.
Shares of MediWound Ltd. (NASDAQ MDWD) traded down 0.70% during mid-day trading on Monday, reaching $7.10. 10,799 shares of the company’s stock were exchanged. The company’s market capitalization is $155.70 million. MediWound Ltd. has a one year low of $4.25 and a one year high of $8.58. The company’s 50-day moving average price is $6.89 and its 200-day moving average price is $6.30.
MediWound (NASDAQ:MDWD) last released its earnings results on Monday, May 8th. The biopharmaceutical company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.03. The company had revenue of $0.54 million during the quarter, compared to analyst estimates of $0.56 million. MediWound had a negative return on equity of 225.97% and a negative net margin of 1,053.25%. The firm’s revenue for the quarter was up 112.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.17) earnings per share. On average, equities analysts expect that MediWound Ltd. will post ($0.80) earnings per share for the current year.
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Several research analysts have recently weighed in on the stock. Aegis reissued a “buy” rating and set a $11.00 price objective on shares of MediWound in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $10.00 price objective on shares of MediWound and gave the company a “buy” rating in a report on Monday, May 8th. Zacks Investment Research cut shares of MediWound from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, SunTrust Banks, Inc. reissued a “buy” rating on shares of MediWound in a report on Monday, June 26th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $10.75.
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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