Histogenics (HSGX) Rating Lowered to Sell at Zacks Investment Research

Histogenics (NASDAQ:HSGX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Histogenics Corporation is a regenerative medicine company. It is focused on developing and commercializing products in the musculoskeletal segment. The company is developing NeoCart(R) product to provide treatment in the orthopedic space. Histogenics Corporation is headquartered in Waltham, Massachusetts. “

A number of other analysts also recently commented on HSGX. HC Wainwright reiterated a “buy” rating and issued a $3.50 target price on shares of Histogenics in a report on Thursday, November 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $4.00 target price on shares of Histogenics in a report on Thursday, December 21st.

Histogenics (NASDAQ HSGX) traded down $0.14 during midday trading on Wednesday, hitting $2.53. 829,482 shares of the company were exchanged, compared to its average volume of 219,849. Histogenics has a twelve month low of $1.48 and a twelve month high of $3.13. The company has a market cap of $60.90, a P/E ratio of -11.50 and a beta of 1.42.

Histogenics (NASDAQ:HSGX) last released its earnings results on Thursday, November 9th. The biotechnology company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.07. sell-side analysts predict that Histogenics will post -1.12 earnings per share for the current fiscal year.

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About Histogenics

Histogenics Corporation is a regenerative medicine company. The Company is focused on developing and commercializing products in the musculoskeletal segment of the marketplace. The Company’s product candidate, NeoCart utilizes various aspects of regenerative medicine platform to develop a tissue implant intended to treat tissue injury in the field of orthopedics, specifically cartilage damage in the knee.

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