Arch Therapeutics Inc (ARTH) Receives Consensus Rating of “Buy” from Brokerages
Shares of Arch Therapeutics Inc (NASDAQ:ARTH) have been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $2.83.
A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Arch Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of Arch Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Arch Therapeutics in a research note on Monday, September 18th. Finally, Ifs Securities reissued an “outperform” rating on shares of Arch Therapeutics in a research note on Tuesday, July 25th.
Arch Therapeutics (NASDAQ ARTH) opened at $0.72 on Friday. Arch Therapeutics has a one year low of $0.41 and a one year high of $0.89.
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Arch Therapeutics Company Profile
Arch Therapeutics, Inc is a development-stage company. The Company operates as a biotechnology company. The Company focuses on developing products to stop bleeding (hemostasis) and control leaking (sealant) during surgery and trauma care. The Company’s technology is based on a self-assembling peptide that creates a physical, mechanical barrier, which could be applied to seal organs or wounds that are leaking blood and other fluids.
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