Celyad (CYAD) Downgraded by ValuEngine to “Sell”
Celyad (NASDAQ:CYAD) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Separately, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $74.00 price objective on shares of Celyad in a research note on Monday, October 9th.
Shares of Celyad (CYAD) traded down $1.61 during trading on Friday, hitting $40.39. 529 shares of the company traded hands, compared to its average volume of 2,780. Celyad has a 12 month low of $16.73 and a 12 month high of $64.75.
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Celyad SA, formerly Cardio3 Biosciences SA is a Belgium-based drug developing company. The Company develops stem cell-based therapies for cardiovascular disease. The Company focuses on developing regenerative therapies to treat illnesses where cardiac tissue is lost due to chronic or acute injury. The Company’s product, C-Cure, allows the differentiation of a patient’s own cells into cardiopoeitic cells which grow into new heart cells and repair heart muscle.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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