Sol-Gel Technologies (NASDAQ:SLGL – Get Free Report) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $4.00 price objective on the stock, down from their previous price objective of $6.00.
Separately, HC Wainwright dropped their target price on Sol-Gel Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, May 20th.
View Our Latest Stock Report on SLGL
Sol-Gel Technologies Stock Down 4.4 %
Sol-Gel Technologies (NASDAQ:SLGL – Get Free Report) last announced its earnings results on Friday, August 16th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.27. The company had revenue of $5.43 million during the quarter, compared to analysts’ expectations of $1.06 million. Sol-Gel Technologies had a negative net margin of 1,329.13% and a negative return on equity of 56.20%. Equities analysts predict that Sol-Gel Technologies will post -0.83 earnings per share for the current year.
Sol-Gel Technologies Company Profile
Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc, develops topical dermatological drugs for patients with severe skin conditions in Israel. The company offers Twyneo, a once-daily, non-antibiotic topical cream for the treatment of acne vulgaris; and Epsolay, a once-daily topical cream for the treatment of papulopustular (subtype II) rosacea.
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