Eyegate Pharmaceuticals (NASDAQ:EYEG)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a report released on Tuesday, MarketBeat reports. They presently have a $3.00 target price on the specialty pharmaceutical company’s stock, down from their prior target price of $5.00. HC Wainwright’s target price would indicate a potential upside of 361.54% from the company’s previous close.
Separately, ValuEngine upgraded Eyegate Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Friday.
Shares of Eyegate Pharmaceuticals (NASDAQ EYEG) traded up $0.05 during trading on Tuesday, reaching $0.65. The company had a trading volume of 691,785 shares, compared to its average volume of 432,523. The company has a market capitalization of $17.72, a price-to-earnings ratio of -0.55 and a beta of 2.91. Eyegate Pharmaceuticals has a 1-year low of $0.49 and a 1-year high of $3.90. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.01.
An institutional investor recently bought a new position in Eyegate Pharmaceuticals stock. Sabby Management LLC bought a new stake in Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 345,524 shares of the specialty pharmaceutical company’s stock, valued at approximately $473,000. Sabby Management LLC owned 2.01% of Eyegate Pharmaceuticals at the end of the most recent reporting period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.
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About Eyegate Pharmaceuticals
Eyegate Pharmaceuticals, Inc is a clinical-stage specialty pharmaceutical company. The Company is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. The Company’s lead product, EGP-437, incorporates a reformulated topically active corticosteroid, dexamethasone phosphate, which is delivered into the ocular tissues through its drug delivery system, the EyeGate II Delivery System.
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