ValuEngine lowered shares of NewLink Genetics (NASDAQ:NLNK) from a sell rating to a strong sell rating in a research note released on Tuesday, ValuEngine reports.

NLNK has been the topic of a number of other research reports. Zacks Investment Research cut NewLink Genetics from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Bank of America lowered NewLink Genetics from a neutral rating to an underperform rating in a report on Friday, January 3rd.

NLNK traded down $0.09 during trading hours on Tuesday, reaching $1.91. The company’s stock had a trading volume of 19,240 shares, compared to its average volume of 2,201,269. NewLink Genetics has a 52 week low of $1.13 and a 52 week high of $3.60. The company’s 50-day moving average is $2.03 and its 200-day moving average is $1.67. The firm has a market cap of $74.62 million, a PE ratio of -1.56 and a beta of 1.19.

NewLink Genetics (NASDAQ:NLNK) last posted its quarterly earnings results on Wednesday, November 6th. The biotechnology company reported ($0.27) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.27). NewLink Genetics had a negative return on equity of 40.06% and a negative net margin of 6,423.69%. The business had revenue of $0.25 million for the quarter. Analysts predict that NewLink Genetics will post -1.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of NLNK. Renaissance Technologies LLC grew its holdings in NewLink Genetics by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,927,465 shares of the biotechnology company’s stock valued at $4,333,000 after buying an additional 205,652 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in NewLink Genetics by 182.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,317 shares of the biotechnology company’s stock valued at $30,000 after buying an additional 13,136 shares in the last quarter. Vanguard Group Inc. grew its holdings in NewLink Genetics by 30.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,412,900 shares of the biotechnology company’s stock valued at $2,091,000 after buying an additional 330,510 shares in the last quarter. Paloma Partners Management Co acquired a new position in NewLink Genetics in the 2nd quarter valued at $191,000. Finally, Jane Street Group LLC acquired a new position in NewLink Genetics in the 2nd quarter valued at $178,000. 27.46% of the stock is currently owned by hedge funds and other institutional investors.

About NewLink Genetics

NewLink Genetics Corporation, a late clinical-stage immuno-oncology company, focuses on discovering and developing novel immunotherapeutic products for the treatment of patients with cancer. It is developing Indoximod, an indoleamine-2, 3-dioxygenase (IDO) pathway inhibitor that is in clinical development in combination with other cancer therapeutics for patients with diffuse intrinsic pontine glioma, pediatric brain tumors, acute myeloid leukemia, and melanoma.

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