Psychemedics Corp (NASDAQ:PMD) Quarterly Sentiment Change Report

December 7, 2017 - By Adrian Mccoy

 Psychemedics Corp (NASDAQ:PMD) Quarterly Sentiment Change Report

Sentiment for Psychemedics Corp (NASDAQ:PMD)

Psychemedics Corp (NASDAQ:PMD) institutional sentiment increased to 1.81 in 2017 Q2. Its up 0.57, from 1.24 in 2017Q1. The ratio is positive, as 29 investment professionals started new or increased stock positions, while 16 sold and reduced their holdings in Psychemedics Corp. The investment professionals in our partner’s database reported: 2.86 million shares, up from 2.64 million shares in 2017Q1. Also, the number of investment professionals holding Psychemedics Corp in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 3 Reduced: 13 Increased: 20 New Position: 9.

Psychemedics Corporation provides testing services for the detection of drugs of abuse through the analysis of hair samples in the United States and internationally. The company has market cap of $112.04 million. The companyÂ’s tests provide quantitative information that can indicate the approximate amount of drug ingested, as well as historical data, which can show a pattern of individual drug use over a longer period of time. It has a 15.06 P/E ratio. It offers screening and confirmation by mass spectrometry using industry-accepted practices for cocaine, marijuana, PCP, amphetamines, and opiates, including heroin, hydrocodone, hydromorphone, oxycodone, oxymorphone, and codeine.

The stock increased 2.05% or $0.41 during the last trading session, reaching $20.4. About 15,880 shares traded. Psychemedics Corporation (NASDAQ:PMD) has risen 66.72% since December 7, 2016 and is uptrending. It has outperformed by 50.02% the S&P500.

Tieton Capital Management Llc holds 6.12% of its portfolio in Psychemedics Corporation for 265,688 shares. Moors & Cabot Inc. owns 317,297 shares or 1.31% of their US portfolio. Moreover, Carl Domino Inc has 0.42% invested in the company for 14,485 shares. The Illinois-based Ativo Capital Management Llc has invested 0.39% in the stock. North Star Investment Management Corp., a Illinois-based fund reported 77,085 shares.#img1#

More notable recent Psychemedics Corporation (NASDAQ:PMD) news were published by: Seekingalpha.com which released: “Psychemedics Corp: It’s Not A Short” on March 27, 2017, also Marketwatch.com with their article: “Psychemedics Corp.” published on December 21, 2009, Prnewswire.com published: “Psychemedics Corporation Announces Record Revenues And Earnings” on February 06, 2017. More interesting news about Psychemedics Corporation (NASDAQ:PMD) were released by: Nasdaq.com and their article: “Psychemedics Corporation (PMD) Ex-Dividend Date Scheduled for February 14, 2017” published on February 13, 2017 as well as Seekingalpha.com‘s news article titled: “Psychemedics Corp. – After A Long Wait, Finally Some Big Results” with publication date: July 29, 2016.

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