Aptose Biosciences Inc. (NASDAQ:APTO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Aptose Biosciences Inc. is a clinical-stage biotechnology company. The company is advancing therapeutics to treat life-threatening cancers, such as acute myeloid leukemia, high-risk myelodysplastic syndromes and other hematologic malignancies. Its lead program APTO-253 has completed a Phase 1 study in patients with solid tumors. Aptose Biosciences Inc., formerly known as Lorus Therapeutics Inc., is headquartered in Toronto, Canada. “

A number of other brokerages also recently commented on APTO. Roth Capital raised Aptose Biosciences from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $8.00 in a research report on Monday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Aptose Biosciences in a report on Monday, June 13th. Finally, RBC Capital Markets reaffirmed an “outperform” rating on shares of Aptose Biosciences in a report on Tuesday, September 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Aptose Biosciences has a consensus rating of “Buy” and an average price target of $12.30.

Analyst Recommendations for Aptose Biosciences (NASDAQ:APTO)

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Shares of Aptose Biosciences (NASDAQ:APTO) traded up 5.2168% during midday trading on Tuesday, hitting $2.3779. 29,362 shares of the stock were exchanged. The firm has a 50 day moving average of $2.18 and a 200-day moving average of $2.47. The company’s market cap is $30.66 million. Aptose Biosciences has a one year low of $1.92 and a one year high of $6.40.

An institutional investor recently bought a new position in Aptose Biosciences stock. Bank of Montreal Can purchased a new stake in Aptose Biosciences Inc. (NASDAQ:APTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,624 shares of the company’s stock, valued at approximately $128,000. Bank of Montreal Can owned about 0.43% of Aptose Biosciences as of its most recent filing with the SEC. 19.47% of the stock is currently owned by institutional investors and hedge funds.

Aptose Biosciences Company Profile

Aptose Biosciences Inc (Aptose) is a clinical-stage biotechnology company. The Company is engaged in the development of anticancer drugs that target specific epigenetic processes and signal transduction abnormalities that underlie a particular life-threatening malignancy. Its product pipeline includes cancer drug candidates that exert activity as stand-alone agents and that enhance the activities of other anticancer agents without causing overlapping toxicities.

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