ValuEngine downgraded shares of Neurotrope Inc (OTCMKTS:NTRP) from a sell rating to a strong sell rating in a report issued on Thursday morning.

Separately, Aegis assumed coverage on Neurotrope in a research report on Wednesday, April 12th. They set a buy rating and a $31.00 price objective on the stock.

Shares of Neurotrope (OTCMKTS NTRP) opened at 4.82 on Thursday. The firm’s 50-day moving average is $7.26 and its 200-day moving average is $12.21. The firm’s market cap is $38.02 million. Neurotrope has a 1-year low of $4.40 and a 1-year high of $29.00.

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An institutional investor recently bought a new position in Neurotrope stock. Spark Investment Management LLC purchased a new position in shares of Neurotrope Inc (OTCMKTS:NTRP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 22,900 shares of the company’s stock, valued at approximately $214,000. Spark Investment Management LLC owned 0.29% of Neurotrope at the end of the most recent reporting period.

Neurotrope Company Profile

Neurotrope, Inc, formerly BlueFlash Communications, Inc, is a biopharmaceutical company with its product candidates in pre-clinical and clinical development. The Company is focused on developing a product platform based upon a drug candidate called bryostatin for the treatment of Alzheimer’s disease (AD), which is in the clinical testing stage.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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