Assertio Hits New 52-Week High after Reporting Q1 2023 Financial Results and Raising 2023 Outlook

(24/7 MARKET NEWS) – Assertio Holdings, Inc. (NASDAQ:ASRT) reported, this morning, its financial results for the first quarter ended March 31, 2023. Highlights included an 18% year-over-year net product sales increase and it raised its full year net product sales forecast from $157 to $167 million, and adjusted EBITDA from $90 to $98 Million.

Assertio is trading at $7.17, up $0.91 (+14.54%), on 4.1 M shares traded.

Its 52-week range is $2.0747 to $7.275. I hit $7.275 in this morning’s trading and, if it can eclipse its premarket high of $7.40, its next key inflection point is at $12 from 2019.

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