Resumes are updated. Reps are jumping ship. No life jackets available now. Sharks are circling now. It all leads to the total lack of leadership. I just read this. Pernix Therapeutics Holdings (NYSE: PTX) was downgraded by equities research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Analyst Ratings Network.com reports.
The analysts wrote, “Pernix Therapeutics Holdings (PTX) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Pernix Therapeutics Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, March 27th. They now have a $4.90 price target on the stock.