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Martek Biosciences Corporation (MATK) [hlAlert]

Rating:
Buy MATK
up 22.10 %

Martek Biosciences Corporation (MATK) rated Buy with price target $42 by Needham

Posted on: Thursday,  Jun 5, 2008  9:25 AM ET by Needham

Needham rated Buy Martek Biosciences Corporation (NASDAQ: MATK) on 06/05/2008. Previously Needham rated Buy Martek Biosciences Corporation (NASDAQ: MATK) on 09/06/2007.,
when the stock price was $25.79. Since then, Martek Biosciences Corporation has gained 22.10% as of 02/25/2011's recent price of $31.49.
If you would have followed the previous Needham's recommendation on MATK, you would have gained 22.1% of your investment in 1268 days.

Martek Biosciences Corp. develops, manufactures and sells products from microalgae. The company's products include: (1) specialty, nutritional oils for infant formula, nutritional supplements and food ingredients; (2) high value reagents and technologies to visualize molecular interactions for drug discovery and development; and (3) new, powerful fluorescent markers for diagnostics, rapid miniaturized screening, and gene and protein detection. (Company Press Release)

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/5/2008 9:25 AM Buy
None
36.42 42.00
as of 12/24/2008
1 Week down  -2.74 %
1 Month up  5.16 %
3 Months down  -34.49 %
1 YTD down  -41.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2008 8:25 AM Buy
None
31.00 34.00
9/6/2007 9:25 AM Buy
None
25.79 32.00

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