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Actionable news in PTX: Pernix Therapeutics Holdings, Inc.,

Is Pernix Therapeutics in a Race to Zero?

Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) saw its shares hit a 52-week low in regular trading on Thursday after it reported its first-quarter financial results. Seeing this stock’s performance year to date (down 64%) and over the past year (down 83%), it seems like this company is on a race to zero, unless something happens and fast.

The company posted a net loss of $0.35 per share on $32.5 million in revenue. Thomson Reuters consensus estimates had called for a net loss of $0.06 on revenue of $44.55 million. In the same period of last year, Pernix reported a net loss of $0.11 and $33.89 million in revenue.

Pernix went as far in this...