Vascular Biogenics Ltd. (VBLT) Shares Up 3.7%
Shares of Vascular Biogenics Ltd. (NASDAQ:VBLT) shot up 3.7% during mid-day trading on Tuesday . The stock traded as high as $4.01 and last traded at $3.96, with a volume of 325,326 shares changing hands. The stock had previously closed at $3.82.
Several brokerages recently issued reports on VBLT. Zacks Investment Research lowered shares of Vascular Biogenics from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Roth Capital restated a “buy” rating and issued a $22.00 price objective on shares of Vascular Biogenics in a report on Thursday, June 9th. HC Wainwright began coverage on shares of Vascular Biogenics in a report on Tuesday, June 28th. They issued a “buy” rating and a $11.00 price objective on the stock. Chardan Capital restated a “buy” rating on shares of Vascular Biogenics in a report on Tuesday, June 7th. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $14.00 price objective on shares of Vascular Biogenics in a report on Tuesday, June 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.50.
The stock has a 50 day moving average price of $4.31 and a 200 day moving average price of $3.62. The firm’s market cap is $89.90 million.
Vascular Biogenics (NASDAQ:VBLT) last released its quarterly earnings results on Friday, May 13th. The biopharmaceutical company reported ($0.21) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.21). Equities research analysts anticipate 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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