Published On: Fri, Sep 16th, 2016

Adamis Pharmaceuticals Corp. (ADMP) Trading Up 3.7%

Adamis Pharmaceuticals Corp. (NASDAQ:ADMP) was up 3.7% during trading on Friday . The stock traded as high as $3.07 and last traded at $3.07, with a volume of 190,061 shares changing hands. The stock had previously closed at $2.96.
Separately, Maxim Group lowered their price target on Adamis Pharmaceuticals Corp. from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, July 21st.
The stock has a 50 day moving average price of $2.82 and a 200 day moving average price of $5.05. The company’s market capitalization is $64.12 million.

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A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Adamis Pharmaceuticals Corp. by 21.8% in the second quarter. Vanguard Group Inc. now owns 335,814 shares of the specialty pharmaceutical company’s stock worth $940,000 after buying an additional 60,197 shares during the period. BlackRock Fund Advisors boosted its position in shares of Adamis Pharmaceuticals Corp. by 24.7% in the second quarter. BlackRock Fund Advisors now owns 49,806 shares of the specialty pharmaceutical company’s stock worth $139,000 after buying an additional 9,868 shares during the period. Finally, Walleye Trading LLC boosted its position in shares of Adamis Pharmaceuticals Corp. by 118.1% in the second quarter. Walleye Trading LLC now owns 275,078 shares of the specialty pharmaceutical company’s stock worth $770,000 after buying an additional 148,966 shares during the period. Hedge funds and other institutional investors own 9.70% of the company’s stock.
About Adamis Pharmaceuticals Corp.
Adamis Pharmaceuticals Corporation is a pharmaceutical company. The Company is engaged in the development of its specialty pharmaceutical products. The Company is developing various products in the allergy and respiratory markets, including a dry powder inhaler technology that it acquired from 3M Company (3M).

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