Ohr Pharmaceuticals (NASDAQ:OHRP) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a report released on Friday.

A number of other equities research analysts also recently issued reports on OHRP. Zacks Investment Research downgraded shares of Ohr Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded shares of Ohr Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st.

Shares of Ohr Pharmaceuticals (OHRP) opened at $0.41 on Friday. Ohr Pharmaceuticals has a twelve month low of $0.56 and a twelve month high of $2.18. The stock has a market cap of $113.52, a P/E ratio of -0.70 and a beta of 0.48.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OHRP. Wedbush Securities Inc. purchased a new stake in Ohr Pharmaceuticals during the third quarter worth approximately $311,000. Garrison Bradford & Associates Inc. grew its stake in Ohr Pharmaceuticals by 482.4% during the third quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock worth $358,000 after buying an additional 412,000 shares during the period. Finally, Vanguard Group Inc. grew its stake in Ohr Pharmaceuticals by 0.7% during the second quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after buying an additional 5,481 shares during the period. Institutional investors own 8.25% of the company’s stock.

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Ohr Pharmaceuticals Company Profile

OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.

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