Psychemedics Corp (NASDAQ:PMD) Institutional Investor Sentiment Is 1.47

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Sentiment for Psychemedics Corp (NASDAQ:PMD)

Psychemedics Corp (NASDAQ:PMD) institutional sentiment increased to 1.47 in Q3 2018. Its up 0.33, from 1.14 in 2018Q2. The ratio improved, as 25 hedge funds opened new and increased holdings, while 17 sold and decreased their stock positions in Psychemedics Corp. The hedge funds in our partner’s database now possess: 2.92 million shares, up from 2.84 million shares in 2018Q2. Also, the number of hedge funds holding Psychemedics Corp in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 0 Reduced: 17 Increased: 17 New Position: 8.

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 $97.20 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 16.19 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 2.56% or $0.44 during the last trading session, reaching $17.65. About 4,799 shares traded. Psychemedics Corporation (NASDAQ:PMD) has declined 24.93% since January 14, 2018 and is downtrending. It has underperformed by 24.93% the S&P500.

Tieton Capital Management Llc holds 3.74% of its portfolio in Psychemedics Corporation for 249,278 shares. Quantum Capital Management owns 64,986 shares or 0.44% of their US portfolio. Moreover, Mill Road Capital Management Llc has 0.21% invested in the company for 14,896 shares. The California-based Rbf Capital Llc has invested 0.18% in the stock. North Star Investment Management Corp., a Illinois-based fund reported 81,277 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $121,611 activity.

Psychemedics Corporation (NASDAQ:PMD) Institutional Positions Chart

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