HC Wainwright Issues Pessimistic Forecast for MediWound (NASDAQ:MDWD) Stock Price

MediWound (NASDAQ:MDWD) had its price objective trimmed by HC Wainwright from $28.00 to $25.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the biopharmaceutical company’s stock.

Separately, StockNews.com upgraded shares of MediWound to a “sell” rating in a research report on Monday, August 5th.

MediWound Stock Up 3.3 %

MDWD stock opened at $17.45 on Wednesday. The business’s 50-day moving average price is $17.16 and its 200-day moving average price is $17.38. The stock has a market cap of $188.29 million, a P/E ratio of -8.08 and a beta of 0.83. MediWound has a twelve month low of $8.48 and a twelve month high of $24.00.

Institutional Trading of MediWound

Several institutional investors have recently made changes to their positions in MDWD. MetLife Investment Management LLC bought a new position in MediWound in the 3rd quarter worth approximately $89,000. Rhumbline Advisers bought a new position in shares of MediWound during the second quarter worth $131,000. Barclays PLC grew its stake in MediWound by 311.3% during the third quarter. Barclays PLC now owns 11,163 shares of the biopharmaceutical company’s stock valued at $202,000 after acquiring an additional 8,449 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in MediWound in the 3rd quarter valued at $212,000. Finally, Bank of New York Mellon Corp purchased a new stake in MediWound in the 2nd quarter worth $342,000. Hedge funds and other institutional investors own 46.83% of the company’s stock.

MediWound Company Profile

MediWound Ltd., a biopharmaceutical company, develops, manufactures, and commercializes novel, bio-therapeutic, and non-surgical solutions for tissue repair and regeneration in United States, Europe, and internationally. It markets NexoBrid, a biopharmaceutical product for the removal of eschar, a dead or damaged tissue in adults with deep partial- and full-thickness thermal burns to burn centers and hospitals burn units.