Organovo (ONVO) Trading Down 5.3%
Organovo Holdings Inc (NASDAQ:ONVO) shares were down 5.3% during trading on Wednesday . The stock traded as low as $0.86 and last traded at $0.90. Approximately 1,311,562 shares were traded during trading, an increase of 110% from the average daily volume of 623,612 shares. The stock had previously closed at $0.95.
Separately, Zacks Investment Research downgraded Organovo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 30th.
The firm has a market capitalization of $113.00 million, a P/E ratio of -1.45 and a beta of 1.79.
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About Organovo (NASDAQ:ONVO)
Organovo Holdings, Inc, a biotechnology company, provides therapeutic and drug profiling capabilities based on its 3D bioprint tissues that emulate human biology and diseases. Its 3D human tissue platform includes its proprietary NovoGen Bioprinters, which are automated devices that enable the fabrication of 3D living tissues comprised mammalian cells; and related technologies for preparing bio-inks and bioprinting multicellular tissues with complex architecture.
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