Long Zone Holdings Inc. Buys 10,000 Shares of Knight Therapeutics Inc (TSE:GUD) Stock

Knight Therapeutics Inc (TSE:GUD) insider Long Zone Holdings Inc. bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of C$7.39 per share, with a total value of C$73,900.00. Following the completion of the transaction, the insider now owns 21,621,433 shares of the company’s stock, valued at approximately C$159,782,389.87.

Shares of TSE:GUD opened at C$7.77 on Thursday. Knight Therapeutics Inc has a 52-week low of C$7.10 and a 52-week high of C$8.81. The firm has a market capitalization of $1.06 billion and a price-to-earnings ratio of 49.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 32.29 and a quick ratio of 31.73.

Knight Therapeutics (TSE:GUD) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.03 by C$0.01. The business had revenue of C$2.96 million during the quarter, compared to analyst estimates of C$3.06 million. As a group, equities analysts expect that Knight Therapeutics Inc will post 0.17 earnings per share for the current fiscal year.

Separately, Raymond James reiterated an “outperform” rating and issued a C$10.25 target price on shares of Knight Therapeutics in a research note on Wednesday, May 8th.

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Knight Therapeutics Company Profile

Knight Therapeutics Inc operates as a specialty pharmaceutical company in Canada and internationally. The company is involved in developing, acquiring, in-licensing, out-licensing, marketing, and distributing pharmaceutical products, consumer health products, and medical devices. Its commercialized products include Movantik to treat opioid induced constipation; Impavido, an alkyllysophospholipid analogue drug for visceral and cutaneous Leishmaniasis; Neuragen to treat pain associated with diabetic and peripheral neuropathy; Synergy family consumer health products; and Flat Tummy Tea, a herbal detox tea.

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