Regulus Therapeutics (RGLS) Stock Price Up 5.6%
Regulus Therapeutics Inc (NASDAQ:RGLS) shares rose 5.6% during mid-day trading on Friday . The stock traded as high as $0.95 and last traded at $0.95. Approximately 1,521,063 shares traded hands during trading, an increase of 76% from the average daily volume of 864,576 shares. The stock had previously closed at $0.90.
RGLS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Tuesday, October 10th. Needham & Company LLC reiterated a “hold” rating on shares of Regulus Therapeutics in a report on Tuesday, November 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $4.00 price target on shares of Regulus Therapeutics in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.60.
The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.41.
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Regulus Therapeutics Company Profile
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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