Histogenics (HSGX) Trading Up 16.9%
Shares of Histogenics Corp (NASDAQ:HSGX) were up 16.9% on Tuesday . The company traded as high as $0.29 and last traded at $0.20. Approximately 35,622,096 shares traded hands during trading, an increase of 354% from the average daily volume of 7,838,811 shares. The stock had previously closed at $0.17.
A number of analysts have recently weighed in on HSGX shares. Zacks Investment Research raised Histogenics from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a research report on Tuesday, January 15th. ValuEngine raised Histogenics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, HC Wainwright lowered Histogenics to a “hold” rating in a research report on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2.44.
The company has a market capitalization of $20.01 million, a P/E ratio of -0.18 and a beta of 3.51.
A hedge fund recently bought a new stake in Histogenics stock. Virtu Financial LLC acquired a new stake in Histogenics Corp (NASDAQ:HSGX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 213,352 shares of the biotechnology company’s stock, valued at approximately $117,000. Virtu Financial LLC owned approximately 0.73% of Histogenics at the end of the most recent reporting period. Institutional investors own 10.29% of the company’s stock.
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About Histogenics (NASDAQ:HSGX)
Histogenics Corporation, a clinical-stage company, focuses on the development of restorative cell therapies in the United States. The company offers NeoCart, a tissue implant, which is in Phase III clinical trial to treat tissue injury in the field of orthopedics, specifically cartilage damage in the knee.
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