Adam S. Grossman Buys 485,000 Shares of ADMA Biologics Inc (ADMA) Stock

ADMA Biologics Inc (NASDAQ:ADMA) insider Adam S. Grossman bought 485,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $2.15 per share, with a total value of $1,042,750.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

ADMA Biologics Inc (NASDAQ ADMA) traded down $0.08 on Monday, hitting $2.32. The stock had a trading volume of 341,800 shares, compared to its average volume of 50,811. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.35 and a current ratio of 2.36. ADMA Biologics Inc has a 52-week low of $2.01 and a 52-week high of $6.88.

ADMA Biologics (NASDAQ:ADMA) last posted its earnings results on Friday, August 11th. The biotechnology company reported ($0.55) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.29). ADMA Biologics had a negative net margin of 35.00% and a negative return on equity of 76.26%. The business had revenue of $3.40 million for the quarter, compared to analysts’ expectations of $3.52 million. equities analysts anticipate that ADMA Biologics Inc will post -2.25 EPS for the current year.

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Separately, ValuEngine downgraded ADMA Biologics from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

ADMA Biologics Company Profile

ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.

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