Arch Therapeutics (ARTH) Lifted to “Buy” at Zacks Investment Research
Arch Therapeutics (OTCMKTS:ARTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $0.75 target price on the biotechnology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 22.95% from the stock’s current price.
According to Zacks, “Arch Therapeutics, Inc. is a medical device company. It develops products that make surgery and interventional care faster and safer by using an approach to stop bleeding, control leaking, and provide other advantages during surgery and trauma care. The Company’s lead product candidate includes AC5 (TM), a biocompatible synthetic peptide, to achieve hemostasis in minimally invasive and open surgical procedures. Arch Therapeutics, Inc. is headquartered in Wellesley, Massachusetts. “
A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of Arch Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Arch Therapeutics in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $2.31.
About Arch Therapeutics
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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