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Sunesis Pharmaceuticals (NASDAQ:SNSS) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report released on Friday, reports.

Shares of Sunesis Pharmaceuticals (NASDAQ:SNSS) opened at 7.78 on Friday. Sunesis Pharmaceuticals has a 52-week low of $3.84 and a 52-week high of $8.46. The stock’s 50-day moving average is $6.69 and its 200-day moving average is $6.05. The company’s market cap is $470.2 million.

Sunesis Pharmaceuticals (NASDAQ:SNSS) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.03. The company had revenue of $2.00 million for the quarter, compared to the consensus estimate of $1.32 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Sunesis Pharmaceuticals will post $-0.74 EPS for the current fiscal year.

Sunesis Pharmaceuticals, Inc (NASDAQ:SNSS) is a biopharmaceutical company focused on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers.

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