NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.00.

NBY has been the topic of a number of research analyst reports. HC Wainwright set a $4.00 target price on shares of NovaBay Pharmaceuticals and gave the company a “buy” rating in a research note on Friday, July 6th. Zacks Investment Research lowered shares of NovaBay Pharmaceuticals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th.

NYSEAMERICAN:NBY traded down $0.15 during midday trading on Friday, reaching $1.91. The stock had a trading volume of 15,746 shares, compared to its average volume of 12,836. NovaBay Pharmaceuticals has a 1-year low of $1.25 and a 1-year high of $4.80.

NovaBay Pharmaceuticals (NYSEAMERICAN:NBY) last posted its earnings results on Tuesday, August 7th. The biopharmaceutical company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). NovaBay Pharmaceuticals had a negative net margin of 59.81% and a negative return on equity of 389.40%. The firm had revenue of $2.79 million during the quarter, compared to analyst estimates of $3.48 million.

About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals, Inc, a biopharmaceutical company, develops, manufactures, and markets non-antibiotic and anti-infective products for the eye care market in the United States, China, and internationally. It offers Avenova, a prescription product for cleansing and removing foreign materials, including microorganisms and debris from skin around the eye; NeutroPhase for wound care market; CelleRx for the aesthetic dermatology market; Aganocide compounds patented synthetic molecules for use against bacteria, viruses, and fungi; auriclosene irrigation solution for urology; and intelli-Case, a device for soft and rigid gas permeable contact lenses.

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