Aptose Biosciences, Inc. (NASDAQ:APTO) Upgraded to Buy by Zacks Investment Research
Aptose Biosciences, Inc. (NASDAQ:APTO) (TSE:APS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $1.50 price objective on the biotechnology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 2.73% from the stock’s current price.
According to Zacks, “Aptose Biosciences Inc. is a clinical-stage biotechnology company. The company is advancing therapeutics to treat life-threatening cancers, such as acute myeloid leukemia, high-risk myelodysplastic syndromes and other hematologic malignancies. Its lead program APTO-253 has completed a Phase 1 study in patients with solid tumors. Aptose Biosciences Inc., formerly known as Lorus Therapeutics Inc., is headquartered in Toronto, Canada. “
Several other research firms have also recently weighed in on APTO. HC Wainwright initiated coverage on shares of Aptose Biosciences in a report on Thursday, June 8th. They set a “hold” rating on the stock. ValuEngine upgraded shares of Aptose Biosciences from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. Canaccord Genuity restated a “buy” rating and set a $7.00 price target on shares of Aptose Biosciences in a report on Friday, May 12th. Finally, Rodman & Renshaw initiated coverage on shares of Aptose Biosciences in a report on Thursday, June 8th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Aptose Biosciences has an average rating of “Hold” and an average price target of $7.13.
Aptose Biosciences (APTO) traded up 0.6966% during trading on Monday, hitting $1.4601. 171,255 shares of the stock were exchanged. The firm’s 50-day moving average is $1.43 and its 200 day moving average is $1.17. Aptose Biosciences has a 52 week low of $0.78 and a 52 week high of $3.20. The firm’s market cap is $31.76 million.
Aptose Biosciences (NASDAQ:APTO) (TSE:APS) last posted its earnings results on Tuesday, August 8th. The biotechnology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.07. Analysts expect that Aptose Biosciences will post ($1.04) earnings per share for the current fiscal year.
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About Aptose Biosciences
Aptose Biosciences Inc (Aptose) is a clinical-stage biotechnology company. The Company is engaged in the development of anticancer drugs that target specific epigenetic processes and signal transduction abnormalities that underlie a particular life-threatening malignancy. Its product pipeline includes cancer drug candidates that exert activity as stand-alone agents and that enhance the activities of other anticancer agents without causing overlapping toxicities.
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