Neurocrine Stock Falls On Unusually High Volume (NBIX)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading down 72 cents (-7.7%) at $8.64 as of 2:15 p.m. ET.
Neurocrine has a market cap of $447.6 million and is part of the
sector and
industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.
Neurocrine Biosciences, Inc. engages in the discovery, development, and commercialization of drugs for the treatment of neurological and endocrine-related diseases and disorders in the United States. The company has a P/E ratio of 13.7, above the average drugs industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Neurocrine as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full
.
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