Cynapsus Therapeutics Inc. (NASDAQ:CYNA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.25 and last traded at $40.20, with a volume of 209,763 shares. The stock had previously closed at $40.20.

A number of equities analysts recently issued reports on the stock. Janney Montgomery Scott downgraded shares of Cynapsus Therapeutics from a “buy” rating to a “neutral” rating in a report on Thursday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $21.00 price objective on shares of Cynapsus Therapeutics in a report on Tuesday, July 19th. Finally, Noble Financial reissued a “buy” rating and issued a $50.00 price objective on shares of Cynapsus Therapeutics in a report on Tuesday, August 30th.

The firm’s 50-day moving average is $25.47 and its 200 day moving average is $16.79. The stock’s market cap is $499.05 million.

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Cynapsus Therapeutics (NASDAQ:CYNA) last announced its earnings results on Thursday, August 11th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.77) by $1.60. On average, analysts forecast that Cynapsus Therapeutics Inc. will post ($3.15) EPS for the current fiscal year.

About Cynapsus Therapeutics

Cynapsus Therapeutics Inc is a Canada-based specialty central nervous system (CNS) pharmaceutical company. It develops a sublingual thin film for the potential treatment for on-demand management of debilitating OFF episodes associated with Parkinson’s disease (PD). The Company completed a Phase two clinical trial for its product candidate, APL-130277, a sublingual formulation of apomorphine hydrochloride, or apomorphine.

5 Day Chart for NASDAQ:CYNA

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