Applied DNA Sciences (APDN) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Applied DNA Sciences (NASDAQ:APDN) from a hold rating to a buy rating in a research note released on Tuesday morning.
Separately, Maxim Group dropped their price objective on shares of Applied DNA Sciences from $5.00 to $3.00 and set a buy rating on the stock in a report on Wednesday, August 15th.
Shares of APDN opened at $1.15 on Tuesday. Applied DNA Sciences has a 12 month low of $1.10 and a 12 month high of $3.45.
An institutional investor recently bought a new position in Applied DNA Sciences stock. CVI Holdings LLC acquired a new stake in shares of Applied DNA Sciences Inc (NASDAQ:APDN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 578,141 shares of the technology company’s stock, valued at approximately $833,000. Applied DNA Sciences accounts for 1.1% of CVI Holdings LLC’s investment portfolio, making the stock its 19th largest holding. CVI Holdings LLC owned approximately 1.92% of Applied DNA Sciences as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.37% of the company’s stock.
Applied DNA Sciences Company Profile
Applied DNA Sciences, Inc provides biotechnology based security solutions for supply chain security, brand protection, and law enforcement applications in the United States, Europe, Asia, and internationally. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.
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