NEIMETH - Neimeth International Pharma
Neimeth International Pharmaceuticals Plc is the resultant company from the management-buy-out of the 60% equity holding of Pfizer Inc. in Pfizer Products Plc. This management-buy-out took place in May 1997 when Pfizer Inc., in pursuit of its global repositioning strategy, divested 60% equity in Pfizer Products Plc. in favour of the existing management. Before the brand name Neimeth International Pharmaceuticals Plc, the company had operated in Nigeria for 40 years, manufacturing, marketing, and distributing Pfizer brands of pharmaceutical and veterinary products in tablets, capsules, ointment/cream, powder, injectables, and oral liquid forms.
Neimeth International Pharma is listed on the Nigerian Stock Exchange (NGX) since September 21st, 1979. Neimeth International Pharma is traded on the NGX under the ticker symbol “NEIMETH”. The International Securities Identification Number (ISIN) of NGX:NEIMETH is NGNEIMETH001. Neimeth International Pharma is currently the 94th most valuable stock on the NGX with a market capitalization of NGN 2.66 billion, which makes about 0.01% of the Nigerian Stock Exchange equity market.
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NEIMETH Stock Market Performance
The current share price of Neimeth International Pharma (NEIMETH) is NGN 1.40. NEIMETH closed its last trading day (Tuesday, October 4, 2022) at 1.40 NGN per share on the Nigerian Stock Exchange (NGX). Neimeth International Pharma began the year with a share price of 1.75 NGN but has since lost 20% off that price valuation, ranking it 132nd on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that NEIMETH has lost 10% of the stock’s value from September 5th to date.
Neimeth International Pharma is the 81st most traded stock on the Nigerian Stock Exchange over the past three months (Jul 5 - Oct 4, 2022). NEIMETH has traded a total volume of 9.84 million shares—in 651 deals—valued at NGN 15 million over the period, with an average of 156,226 traded shares per session. A volume high of 622,320 was achieved on July 13th, and a low of 5,400 on July 15th, for the same period. The table below details the last 10 trading days of activity of Neimeth International Pharma on the Nigerian Stock Exchange.
Profile of Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals Plc operates in the Health Care sector, specifically, the Pharmaceuticals & Biotechnology industry.
Factsheet of Neimeth International Pharmaceuticals Plc
- Health Care
- Pharmaceuticals & Biotechnology
- Plot 16, Akanni Doherty Layout, Oregun Industrial Estate, Oregun, Lagos, Nigeria
- +234-903-254-3202, +234-815-949-1935
NEIMETH Industrial Market Competitors
Neimeth International Pharmaceuticals Plc, issuers of the NEIMETH stock on the Nigerian Stock Exchange, have six market competitors who are also engaged in the Health Care sector and/or Pharmaceuticals & Biotechnology industry. The table below presents an overview of their market standing.
|MAYBAKER||May & Baker Nigeria||7.06B||4.09||+1.74%|
|GLAXOSMITH||Glaxo Smithkline Consumer||6.7B||5.60||-5.88%|