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Akorn, Inc. (AKRX) [hlAlert]

Rating:
Buy AKRX
up 202.79 %

Akorn, Inc. (AKRX) rated Buy with price target $16 by Auriga

Posted on: Wednesday,  May 23, 2012  1:25 PM ET by Auriga

Auriga rated Buy Akorn, Inc. (NASDAQ: AKRX) on 05/23/2012, when the stock price was $13.61. Since
then, Akorn, Inc. has gained 202.79% as of 01/22/2016's recent price of $41.21.
If you would have followed this Auriga's recommendation on AKRX, you would have gained 202.79% of your investment in 1339 days.

Akorn, Inc. is engaged in manufacturing and marketing diagnostic and therapeutic pharmaceuticals in specialty areas, such as ophthalmology, rheumatology, anesthesia and antidotes, among others. In addition, the Company markets and distributes vaccines purchased from outside sources. Its customers include physicians, optometrists, hospitals, wholesalers, group purchasing organizations and other pharmaceutical companies. It has a wholly owned subsidiary named Akorn (New Jersey), Inc., which operates in Somerset, New Jersey and is involved in manufacturing, product development, and administrative activities related to its ophthalmic and hospital drugs & injectables segments. The Company operates in four segments: ophthalmic, hospital drugs & injectables, biologics & vaccines and contract services.

Auriga operates full-service institutional equity and fixed income trading desks with state-of-the-art communications technology and trading systems. Through our U.S. corprate parent, Auriga Holdings, LLC we offer a variety of services including whole loan trading and asset management. Through our Spanish parent company, Auriga Securities Sociedad de Valores, S.A., we offer the ability to trade European equity and fixed income products. We connect electronically to buy-side firms; route orders to multiple points of execution and subsequently route to our clearing firm, Pershing, for settlement.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/23/2012 1:25 PM Buy
None
13.61 16.00
as of 12/31/2012
1 Week up  0.98 %
1 Month down  -0.96 %
3 Months up  1.05 %
1 YTD down  -1.83 %

(*) Stock Price at the time of the recommendation.
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