MabVax Therapeutics (MBVX) Lifted to Sell at ValuEngine

MabVax Therapeutics (NASDAQ:MBVX) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

Shares of MabVax Therapeutics (NASDAQ:MBVX) traded up $0.06 during trading hours on Friday, hitting $0.77. 499,771 shares of the stock traded hands, compared to its average volume of 548,863. The firm has a market capitalization of $17.70, a P/E ratio of -0.21 and a beta of 1.32. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.80. MabVax Therapeutics has a 52 week low of $0.43 and a 52 week high of $3.57.

MabVax Therapeutics (NASDAQ:MBVX) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.54) earnings per share for the quarter.

In related news, Director Paul V. Maier sold 35,448 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $0.85, for a total value of $30,130.80. Following the sale, the director now owns 96,351 shares of the company’s stock, valued at $81,898.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paul W. Maffuid sold 38,054 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $0.92, for a total transaction of $35,009.68. Following the completion of the sale, the executive vice president now directly owns 283,703 shares in the company, valued at approximately $261,006.76. The disclosure for this sale can be found here. In the last three months, insiders sold 485,280 shares of company stock worth $456,279. 14.76% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in MabVax Therapeutics stock. Cambridge Investment Research Advisors Inc. acquired a new position in MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,495,203 shares of the company’s stock, valued at approximately $1,622,000. Cambridge Investment Research Advisors Inc. owned about 12.33% of MabVax Therapeutics as of its most recent SEC filing. Institutional investors and hedge funds own 11.53% of the company’s stock.

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About MabVax Therapeutics

MabVax Therapeutics Holdings, Inc, a clinical stage biopharmaceutical company, discovers, develops, and commercializes proprietary human monoclonal antibody products and vaccines for the treatment of various cancers. The company has a pipeline of human monoclonal antibody products based on the protective immune responses generated by patients who have been immunized against targeted cancers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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