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Anika Therapeutics (NASDAQ:ANIK) Share Price Passes Above 200 Day Moving Average - What's Next?
Anika Therapeutics (NASDAQ:ANIK) saw its share price move above its 200-day moving average, reaching $14.98 with a volume of 187,844 shares. Analyst sentiment is mixed but leans positive, with Barrington Research raising its price target to $17 and a consensus target price of $19. Financially, Anika Therapeutics beat Q4 earnings estimates but still posted a negative net margin and forecasted a full-year EPS of -0.84, while institutional investors own a significant 91.53% of the company.