OHR Pharmaceutical (OHRP) Announces Earnings Results, Meets Estimates

OHR Pharmaceutical (NASDAQ:OHRP) announced its earnings results on Wednesday. The biotechnology company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07), Bloomberg Earnings reports.

Shares of OHR Pharmaceutical (NASDAQ:OHRP) opened at $0.31 on Thursday. OHR Pharmaceutical has a 52 week low of $0.27 and a 52 week high of $2.18.

Several equities research analysts have weighed in on OHRP shares. Roth Capital started coverage on shares of OHR Pharmaceutical in a research note on Monday, November 27th. They issued a “buy” rating and a $7.00 price target for the company. ValuEngine downgraded shares of OHR Pharmaceutical from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised shares of OHR Pharmaceutical from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Wednesday, October 25th.

A hedge fund recently raised its stake in OHR Pharmaceutical stock. Vanguard Group Inc. raised its stake in OHR Pharmaceutical Inc (NASDAQ:OHRP) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 812,418 shares of the biotechnology company’s stock after purchasing an additional 5,481 shares during the period. Vanguard Group Inc. owned 1.45% of OHR Pharmaceutical worth $520,000 as of its most recent SEC filing. 8.32% of the stock is owned by hedge funds and other institutional investors.

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About OHR Pharmaceutical

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.

Earnings History for OHR Pharmaceutical (NASDAQ:OHRP)

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