Macrocure’s Quiet Period Will End on September 9th (NASDAQ:MCUR)
Macrocure’s (NASDAQ:MCUR) quiet period will end on Tuesday, September 9th. Macrocure had issued 5,350,000 shares in its initial public offering on July 31st, AnalystRatings.NET reports. The total size of the offering was $53,500,000 based on an initial share price of $10.00. During Macrocure’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of research firms have recently commented on MCUR. Analysts at Nomura initiated coverage on shares of Macrocure in a research note on Tuesday, August 26th. They set a “buy” rating on the stock. Separately, analysts at Credit Agricole initiated coverage on shares of Macrocure in a research note on Monday, August 25th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Macrocure in a research note on Monday, August 25th. They set an “outperform” rating and a $20.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $16.00.
Shares of Macrocure (NASDAQ:MCUR) traded up 0.21% during mid-day trading on Thursday, hitting $9.41. 630 shares of the company’s stock traded hands. Macrocure has a 1-year low of $7.01 and a 1-year high of $9.98. The stock has a 50-day moving average of $8.61 and a 200-day moving average of $8.61. The company’s market cap is $153.4 million.
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