Neurotrope (NASDAQ:NTRP) Stock Rating Lowered by Janney Montgomery Scott
Neurotrope (NASDAQ:NTRP) was downgraded by investment analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $1.00 target price on the stock, down from their previous target price of $13.00. Janney Montgomery Scott’s price target indicates a potential upside of 13.64% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Neurotrope from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Wednesday, August 21st. ValuEngine raised Neurotrope from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Maxim Group downgraded Neurotrope from a “buy” rating to a “hold” rating in a report on Monday.
Shares of NASDAQ NTRP traded down $0.02 during mid-day trading on Wednesday, hitting $0.88. 5,615 shares of the stock traded hands, compared to its average volume of 459,551. Neurotrope has a twelve month low of $0.81 and a twelve month high of $9.38. The company has a market cap of $11.98 million, a PE ratio of -0.66 and a beta of 2.41. The firm has a 50 day simple moving average of $5.08 and a two-hundred day simple moving average of $5.91.
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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