Zacks: Oncobiologics Inc (ONS) Given Consensus Rating of “Hold” by Brokerages
Shares of Oncobiologics Inc (NASDAQ:ONS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Oncobiologics’ rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $11.00 for the company, according to Zacks. Zacks has also assigned Oncobiologics an industry rank of 196 out of 265 based on the ratings given to its competitors.
Several research analysts have recently commented on ONS shares. Barclays downgraded Oncobiologics from an “overweight” rating to an “equal weight” rating in a report on Monday, January 29th. ValuEngine upgraded Oncobiologics from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
An institutional investor recently raised its position in Oncobiologics stock. Sabby Management LLC boosted its holdings in shares of Oncobiologics Inc (NASDAQ:ONS) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,365,763 shares of the company’s stock after purchasing an additional 127,293 shares during the period. Sabby Management LLC owned about 9.59% of Oncobiologics worth $2,371,000 at the end of the most recent reporting period. 17.90% of the stock is currently owned by hedge funds and other institutional investors.
Oncobiologics (NASDAQ:ONS) traded down $0.07 on Wednesday, hitting $1.17. The stock had a trading volume of 8,621 shares, compared to its average volume of 63,922. The stock has a market capitalization of $29.17 and a P/E ratio of -0.69. The company has a debt-to-equity ratio of -0.40, a quick ratio of 0.14 and a current ratio of 0.14. Oncobiologics has a 1 year low of $0.78 and a 1 year high of $3.77.
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Oncobiologics Company Profile
Oncobiologics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing, manufacturing and commercializing biosimilar therapeutics. It is focused on monoclonal antibodies (mAbs) in the disease areas of immunology and oncology. The Company offers BioSymphony Platform.
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