Aeglea Bio Therapeutics (AGLE) Receives Coverage Optimism Rating of 0.22
News coverage about Aeglea Bio Therapeutics (NASDAQ:AGLE) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aeglea Bio Therapeutics earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the biotechnology company an impact score of 44.4036102128865 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, Zacks Investment Research upgraded shares of Aeglea Bio Therapeutics from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Friday, November 10th.
Shares of Aeglea Bio Therapeutics (NASDAQ AGLE) traded up $0.44 during midday trading on Tuesday, hitting $5.89. 38,200 shares of the company traded hands, compared to its average volume of 81,967. Aeglea Bio Therapeutics has a one year low of $2.81 and a one year high of $8.14. The stock has a market capitalization of $99.35 and a PE ratio of -3.22.
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About Aeglea Bio Therapeutics
Aeglea BioTherapeutics, Inc is a biotechnology company, which is engaged in the development of enzyme-based therapeutics in the field of amino acid metabolism to treat inborn errors of metabolism (IEM) and cancer. The Company’s product pipeline includes AEB1102, AEB3103, AEB2109 and AEB4104. Its lead product candidate, AEB1102, is engineered to degrade the amino acid arginine and is being developed to treat over two extremes of arginine metabolism, including arginine excess in patients with Arginase I deficiency, an IEM, as well as some cancers, which have shown to have a metabolic dependence on arginine.
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