Vascular Biogenics Ltd. (VBLT) Shares Down 3.4%
Vascular Biogenics Ltd. (NASDAQ:VBLT)’s share price fell 3.4% during mid-day trading on Wednesday . The stock traded as low as $3.89 and last traded at $3.94, with a volume of 283,617 shares. The stock had previously closed at $4.08.
Several brokerages have recently issued reports on VBLT. Zacks Investment Research downgraded Vascular Biogenics from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Roth Capital reiterated a “buy” rating and set a $22.00 price objective on shares of Vascular Biogenics in a research report on Thursday, June 9th. HC Wainwright began coverage on Vascular Biogenics in a research report on Tuesday, June 28th. They set a “buy” rating and a $11.00 price objective for the company. Chardan Capital reiterated a “buy” rating on shares of Vascular Biogenics in a research report on Tuesday, June 7th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and set a $14.00 price objective on shares of Vascular Biogenics in a research report on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.50.
The firm has a 50 day moving average price of $4.27 and a 200-day moving average price of $3.65. The stock’s market capitalization is $88.78 million.
Vascular Biogenics (NASDAQ:VBLT) last released its earnings results on Friday, May 13th. The biopharmaceutical company reported ($0.21) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). Analysts predict that Vascular Biogenics Ltd. will post ($0.82) EPS for the current fiscal year.
Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of first-in-class treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.
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