Biostage, Inc. (NASDAQ:BSTG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Maxim Group in a research report issued to clients and investors on Monday.

Shares of Biostage (NASDAQ BSTG) traded up 17.3696% during midday trading on Monday, reaching $0.5399. The company’s stock had a trading volume of 5,655,523 shares. The company has a 50 day moving average of $0.43 and a 200-day moving average of $0.41. The stock’s market capitalization is $20.04 million. Biostage has a 52 week low of $0.22 and a 52 week high of $1.42.

Biostage (NASDAQ:BSTG) last announced its earnings results on Thursday, May 11th. The biotechnology company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. Equities research analysts predict that Biostage will post ($0.81) earnings per share for the current year.

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About Biostage

Biostage, Inc, formerly Harvard Apparatus Regenerative Technology, Inc, is a biotechnology company. The Company is engaged in developing bioengineered organ implants based on its Cellframe technology. Its Cellframe technology consists of a biocompatible scaffold that is seeded with the recipient’s own cells.

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