Aptose Biosciences Inc. (APTO) Receives Buy Rating from Roth Capital
Aptose Biosciences Inc. (NASDAQ:APTO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Roth Capital in a research report issued on Friday. They presently have a $8.00 price objective on the stock. Roth Capital’s price target suggests a potential upside of 233.33% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $7.00 target price on shares of Aptose Biosciences in a research note on Saturday. Zacks Investment Research raised shares of Aptose Biosciences from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. RBC Capital Markets reissued an “outperform” rating on shares of Aptose Biosciences in a research note on Tuesday, September 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Aptose Biosciences in a research note on Saturday, June 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.30.
Shares of Aptose Biosciences (NASDAQ:APTO) opened at 2.40 on Friday. Aptose Biosciences has a 52 week low of $1.92 and a 52 week high of $6.40. The firm’s market capitalization is $30.94 million. The stock’s 50 day moving average price is $2.22 and its 200 day moving average price is $2.47.
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A hedge fund recently bought a new stake in Aptose Biosciences stock. Bank of Montreal Can acquired a new stake in shares of Aptose Biosciences Inc. (NASDAQ:APTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. Institutional investors and hedge funds own 19.47% of the company’s stock.
About Aptose Biosciences
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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