Handle With Care: Midatech Pharma plc (NASDAQ: MTP)

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    Renaissance Technologies LLC recently announced the acquisition of new stake in Midatech Pharma plc (NASDAQ:MTP). The institutional investor has increased its shareholding in the Healthcare company by 228.19% to 48900.0 shares with purchase of 34000.0 shares. This fresh investment now brings its stake to 0.62% valued currently at $99756.0. In addition, UBS Securities LLC raised its holdings by 27895.0 to 30864.0 shares.

    With over 30.15 million Midatech Pharma plc (MTP) shares trading Friday and a closing price of $2.56 on the day, the dollar volume was approximately $77.18 million. The shares have shown a negative weekly performance of -5.88% and its price on 08/21/20 gained nearly 21.90%. Currently, there are 12.11M common shares owned by the public and among those 6.38M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for MTP have a consensus price objective of $1574.74. The analysts have set the share’s price value over the next 12 months at a high of $1574.74 and a low of $1574.74 should the stock experience a downside. But an upside of 99.84% will see the stock hit the forecast high price target while mean target price for the stock is $1574.74.

    Trust for Professional Managers – owns 3570.0 shares of the company’s stock, all valued at over $7283.0.

    Shares of Midatech Pharma plc (NASDAQ: MTP) opened at $2.89, up $0.79 from a prior closing price of $2.10. However, the script later closed the day at $2.56, up 21.90%. The company’s stock has a 5-day price change of -5.88% and 80.28% over the past three months. MTP shares are trading -25.72% year to date (YTD), with the 12-month market performance down to -60.31% lower. It has a 12-month low price of $0.86 and touched a high of $8.50 over the same period. Currently, 30.15 million shares have been traded, compared to an average intraday trading volume of 5.92 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.04%, 41.23%, and 0.17% respectively.

    Institutional ownership of Midatech Pharma plc (NASDAQ: MTP) shares accounts for 6.36% of the company’s 12.11M shares outstanding. Mutual fund holders own 0.05%, while other institutional holders and individual stakeholders account for 1.16% and — respectively.

    It has a market capitalization of $31.00M. The earnings-per-share (ttm) stands at -$0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.50% over the week and 13.48% over the month.

    Analysts forecast that Midatech Pharma plc (MTP) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.

    Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

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