Acura Pharmaceuticals (ACUR) PT Lowered to $0.58 at S&P Equity Research

Acura Pharmaceuticals (OTCMKTS:ACUR) had its price target cut by S&P Equity Research from $0.74 to $0.58 in a research note issued to investors on Wednesday.

Separately, ValuEngine raised shares of Acura Pharmaceuticals from a strong sell rating to a sell rating in a research report on Friday, December 1st.

Shares of Acura Pharmaceuticals (OTCMKTS ACUR) opened at $0.70 on Wednesday. Acura Pharmaceuticals has a 52-week low of $0.29 and a 52-week high of $1.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.23 and a current ratio of 1.23.

Acura Pharmaceuticals (OTCMKTS:ACUR) last posted its quarterly earnings data on Monday, November 13th. The specialty pharmaceutical company reported ($0.12) earnings per share for the quarter. Acura Pharmaceuticals had a negative return on equity of 231.18% and a negative net margin of 36.20%. The firm had revenue of $0.08 million for the quarter.

In other Acura Pharmaceuticals news, Director Bruce F. Wesson bought 335,734 shares of the stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $0.10 per share, with a total value of $33,573.40. Following the completion of the purchase, the director now owns 394,404 shares in the company, valued at $39,440.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Claudius Llc sold 2,195,734 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $0.10, for a total value of $219,573.40. The disclosure for this sale can be found here. Insiders have purchased 1,035,734 shares of company stock valued at $103,573 in the last ninety days. 5.60% of the stock is currently owned by company insiders.

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About Acura Pharmaceuticals

Acura Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in the research, development and commercialization of technologies and products intended to address medication abuse and misuse. The Company has discovered and developed three platform technologies, which can be used to develop multiple products.

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