Vascular Biogenics Ltd. (VBLT) Shares Up 2.7%
Shares of Vascular Biogenics Ltd. (NASDAQ:VBLT) shot up 2.7% during trading on Tuesday . The stock traded as high as $4.32 and last traded at $4.26, with a volume of 70,959 shares changing hands. The stock had previously closed at $4.15.
Several research firms have recently commented on VBLT. Zacks Investment Research raised shares of Vascular Biogenics from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. HC Wainwright assumed coverage on shares of Vascular Biogenics in a report on Tuesday, June 28th. They issued a “buy” rating and a $11.00 target price for the company. Roth Capital reiterated a “buy” rating and issued a $22.00 target price on shares of Vascular Biogenics in a report on Thursday, June 9th. Chardan Capital reiterated a “buy” rating on shares of Vascular Biogenics in a report on Tuesday, June 7th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and issued a $14.00 target price on shares of Vascular Biogenics in a report on Tuesday, June 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.50.
The firm’s 50 day moving average is $4.12 and its 200-day moving average is $3.66. The company’s market capitalization is $96.20 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, meeting the consensus estimate of ($0.21). Analysts expect that Vascular Biogenics Ltd. will post ($0.82) earnings per share 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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