Neurotrope Inc (NASDAQ:NTRP) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Neurotrope Inc (NASDAQ:NTRP) have earned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation. Neurotrope’s rating score has declined by 200% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $1.00 for the company and are expecting that the company will post ($0.32) EPS for the current quarter, according to Zacks. Zacks has also assigned Neurotrope an industry rank of 104 out of 255 based on the ratings given to related companies.
A number of research firms have weighed in on NTRP. ValuEngine raised shares of Neurotrope from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Neurotrope from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Janney Montgomery Scott cut shares of Neurotrope from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $13.00 to $1.00 in a research report on Wednesday, September 11th. Finally, Maxim Group cut shares of Neurotrope from a “buy” rating to a “hold” rating in a research report on Monday, September 9th.
NASDAQ:NTRP opened at $0.71 on Tuesday. The firm has a 50-day moving average of $0.70 and a two-hundred day moving average of $4.64. The stock has a market cap of $9.04 million, a P/E ratio of -0.52 and a beta of 2.07. Neurotrope has a 1-year low of $0.63 and a 1-year high of $8.40.
Neurotrope Company Profile
Neurotrope, Inc, a biopharmaceutical company, focuses on the development of a product platform for the treatment of Alzheimer's disease. Its lead product candidate is bryostatin, a natural product isolated from a marine invertebrate organism, a bryozoan called Bugula neritina. The company also develops bryostatin for other neurodegenerative or cognitive diseases and dysfunctions, such as Fragile X syndrome, multiple sclerosis, and niemann-pick type C diseases.
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