Oncobiologics (NASDAQ:ONS) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Separately, Barclays downgraded Oncobiologics from an “overweight” rating to an “equal weight” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.00.
Shares of Oncobiologics (ONS) remained flat at $$1.14 on Friday. 35,955 shares of the company were exchanged, compared to its average volume of 64,063. Oncobiologics has a fifty-two week low of $0.78 and a fifty-two week high of $3.77. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of -0.40. The stock has a market capitalization of $28.42 and a price-to-earnings ratio of -0.67.
An institutional investor recently raised its position in Oncobiologics stock. Sabby Management LLC grew its position in shares of Oncobiologics Inc (NASDAQ:ONS) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,365,763 shares of the company’s stock after acquiring an additional 127,293 shares during the quarter. Sabby Management LLC owned about 9.59% of Oncobiologics worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 17.90% of the company’s stock.
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Oncobiologics Company Profile
Oncobiologics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing, manufacturing and commercializing biosimilar therapeutics. It is focused on monoclonal antibodies (mAbs) in the disease areas of immunology and oncology. The Company offers BioSymphony Platform.
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