Vascular Biogenics Ltd. (VBLT) Trading Down 5.6%
Vascular Biogenics Ltd. (NASDAQ:VBLT) fell 5.6% on Monday . The stock traded as low as $4.05 and last traded at $4.05, with a volume of 149,384 shares. The stock had previously closed at $4.29.
A number of research firms have weighed in on VBLT. Chardan Capital reaffirmed a “buy” rating on shares of Vascular Biogenics in a report on Tuesday, June 7th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $14.00 target price on shares of Vascular Biogenics in a report on Tuesday, June 7th. Roth Capital reaffirmed a “buy” rating and set a $22.00 target price on shares of Vascular Biogenics in a report on Thursday, June 9th. Zacks Investment Research upgraded Vascular Biogenics from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, 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 target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.50.
The firm has a 50 day moving average price of $4.14 and a 200-day moving average price of $3.69. The stock’s market capitalization is $91.25 million.
Vascular Biogenics (NASDAQ:VBLT) last posted its earnings results on Thursday, August 11th. The biopharmaceutical company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. 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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